System, method and computer program product for enhancing commercial value of electrical power produced from a renewable energy power production facility

ABSTRACT

A method, system and computer program product enhance the commercial value of electrical power produced from a wind turbine production facility. Features include the use of a premier power conversion device that provides an alternative source of power for supplementing an output power of the wind turbine generation facility when lull periods for wind speed appear. The invention includes a communications infrastructure and coordination mechanism for establishing a relationship with another power production facility such that when excess electrical power is produced by the wind turbine facility, the excess may be provided to the power grid while the other energy production facility cuts back on its output production by a corresponding amount. A tracking mechanism keeps track of the amount of potential energy that was not expended at the other facility and places this amount in a virtual energy storage account, for the benefit of the wind turbine facility. When, the wind turbine power production facility experiences a shortfall in its power production output it may make a request to the other source of electric power, and request that an increase its power output on behalf of the wind turbine facility. This substitution of one power production facility for another is referred to herein as a virtual energy storage mechanism. Furthermore, another feature of the present invention is the use of a renewal power exchange mechanism that creates a market for trading renewable units of power, which have been converted into “premier power” and/or “guaranteed” by secondary sources of power source to provide a reliable source of power to the power grid as required by contract.

BACKGROUND OF THE INVENTION

[0001] 1. Field of the Invention

[0002] The present invention is directed to a system, method andcomputer program product that relates to a renewable power productionfacility, such as a wind turbine generated power production facilitythat produces electrical power that is applied to a power grid. Morespecifically, the present invention is directed to systems, methods andcomputer program product for enhancing the commercial value of electricpower produced by wind turbine facilities so as to make that electricpower as commercially valuable and fungible as electric power producedby other plants such as fossil fuel power plants, hydroelectric plants,nuclear plants and the like.

[0003] 2. Discussion of the Background

[0004] Wind power is a “natural” power production source thatinstinctively should be regarded as an optimum source of energy forproducing electric power. Wind power does not require the burning offossil fuels, does not result in nuclear waste by-products, does notrequire the channeling of water sources, and does not otherwise disturbthe environment. On the other hand, wind power is a variable(stochastic) power generation source, thus not offering power productionfacilities the type of control that the power production and gridfacility would like to have in producing commercially reliable power. Toaddress this variability issue, even the early pioneers of wind powerattempted to identify ways to “store” wind generated electric power intimes of excess, so as to later compensate for times when there arelulls in the wind. For example, Poul La Cour (1846-1908) from Denmark,was one of the early pioneers in wind generated electricity. Poul LaCour built the world's first electricity generating wind turbine in1891. This design included DC generators and stored energy as hydrogen.Poul La Cour was concerned with the storage of energy because he usedthe electricity from his wind turbines for electrolysis in order toproduce hydrogen for the gas lights in his school. This concept ofenergy storage has not been abandoned and even modern inventors of windturbine electric generation facilities are still trying to identify waysto use physical media to store the energy produced by windmills (seee.g., U.S. Pat. No. 5,225,712, which uses fuel cells, batteries, and thelike as physical media to store electrical power). In the early days,wind energy plants were generally isolated from one another and providedsmall scale generation facilities. Through a variety of experiments windenergy plants have generally evolved and now a common theme is to groupa number of wind turbines together so as to form farms that can generateup to tens of megawatts via the aggregation of smaller plants thatproduce slightly above only one megawatt each. Most modern rotor bladeson large wind turbines are made of glass fiber reinforced plastics(GRP). These wind power plants are today planned to grow slightly abovethree megawatts per unit, limited by a reliable size of the windturbine, (the “propeller”).

[0005] A perplexing task that has somewhat stifled the use of wind powerplants is that there has been no commercially viable way, in light ofthe price of fuel generated by other power plants, to effectively storeelectricity generated by windmills during periods of peak production, soas to make up for periods when the wind slows. As a consequence, thecapital cost, lack of production control, size, and reliability problemslimited the proliferation of such wind plants between the periods of1890 and 1970. As a consequence, the use of wind power declined sharplyboth with the spread of steam-engines and with the increase in scale ofelectrical power utilization. Thus, windmills generally were onlylimited for small scale processes and were unable to compete with largescale steam powered electrical power facilities. Furthermore, thecommercial cost of such wind-generated power was much greater comparedto those with generating systems based on coal, oil, gas and hydro.

[0006] Nevertheless, being strong advocate for windmills, Denmarkpioneered the effort between the era of 1970 and 1985 to bring backwindmill technology in an attempt to make windmill generated electricitya mainstay of modern electric generation plants. To this end, Denmarkestablished some rules regarding grid connections from the windmills,(e.g., Specifications for Connecting Wind Farms to the TransmissionNetwork”, ELTRA I/S ELT 1999-411a., as well as Swedish documentsTAMP-1122400 and DAMP-1101300, Sv. Elverksforeningen, the entirecontents of which being incorporated herein by reference).

[0007] As recognized by the present inventors, there are severaldrawbacks associated with using wind power systems. First, it should berecognized that there is a strict frequency control on the AC power thatis provided to the grid. For example, in the power grid in Europe, theAC frequency is held generally constant at 50 hertz, with an attempt tomaintain a maximum frequency variation between plus or minus 0.1 hertz.This means that there must be a continuous balance between the input ofenergy and the output of electrical power in such an AC system. Ifconsumption is greater than production, the grid frequency drops. Ifproduction is greater than consumption, the grid frequency rises. Thus,power companies that provide power to the electric grid must becoordinated so that those adding power are doing so at a time when thedemand for that power exists, and also is done in coordination withother providers. While there is a system that is employed to coordinatethe activities of different power producers as will be discussed withrespect to FIGS. 2-4, the present discussion will now focus onconventional wind turbine electrical power production facilities so asto further explain conventional practice for how to design suchfacilities.

[0008] A number of different options have been attempted to make windturbine generated power facilities more reliable and predictable, thus“more mainstream” as compared to other power production facilities. In afirst typical windmill power generation facility, an asynchronousmachine is used that acts as a generator but also inherently consumesreactive power from the AC grid. Consequently, the facility employs afixed capacitor bank so as to compensate the amount of reactive powerthat is consumed, thus providing for a more reasonable power factor(cosine of the angle between current and voltage). However, asrecognized by the present inventors, there is a risk with such systems,namely where the capacitor bank causes the system to becomeself-magnetized thus causing the frequency to differ by as much as tensof hertz from the standard oscillation frequency after a fault occurs.

[0009] Many wind power plants are erected with a speed adaptationmechanism (usually a gearbox) between the wind turbine and the electricgenerator so that an AC frequency produced by the wind turbine generatormatches that of the power grid. These systems use a mechanical gearboxto increase the speed of the generator shaft. However, the use of thismechanical gearbox increases the cost by three to five times the cost ofthe generator, also having dramatic increases in the mean time betweenfailure, and mean time to repair of the device, thus not making thesedesigns commercially competitive with the more reliable and less costlyfossil fuel power production facilities.

[0010] Some windmill-based systems attempt to address power qualityaspects at the grid connection, which often manifest themselves as atower shadow that provides a low-frequency periodic disturbance. Thislow-frequency periodic disturbance is referred to as “flicker” (e.g.about a 1 hertz variation) that provides for an inconsistent waveringlight or power production. These facilities provide static-VARcompensators (SVC) or local energy storage units to provide compensationpower.

[0011] More elaborate schemes have been developed to make wind-powermore competitive with other types of power in the market. Once again thesystems are based on the use of energy storage. FIG. 1 is an example ofsuch a system. As seen in FIG. 1, a turbine blade 12 turns at a raterelated to wind speed. Some control may be asserted by adjusting thepitch of the blades, as well as by providing an amount of torqueadjustment to control the generator by way of generator controllers andactive rectifiers. Notably, the system in FIG. 1 can be divided intothree components. The first component is between the turbine and theoutput of the active rectifiers (Rectifier A and Rectifier B). Thesecond component is the DC link between the output of the activerectifiers and the inverters. The last part of the link is between theinverters and the utility grid. The function of the first part of thesystem (i.e. between the blade 12 and the active rectifier) is toconvert the wind into variable speed electrical power, and then rectifythat variable frequency AC into a DC voltage. Thus, the output of thefirst part is a DC voltage that is coupled onto a DC line (see e.g. theline disposed between the active rectifier and the inverter). This DCline then passes this frequency independent electrical power to alocation in which an inverter is maintained. At the inverter, aninverter controller 50, 52 is used to produce pulse width modulation(PWM) signals so as to actuate switches within respective inverters thusgenerating output signals at any particular AC frequency, namely thegrid's frequency. A power factor controller may be used to control howthe waveform is generated so that the output waveform has a power factorthat is consistent with requirements placed on that particular windmill.

[0012] Reactive power is important to the operation of an AC power grid.As discussed in U.S. Pat. No. 4,941,079, the contents of which beingincorporated herein by reference, some of the advantages are explained.In all AC generator stations of the power utilities, such control istypically achieved through a speed governor and a field excitationregulator. The PWM converter is not encumbered by the long timeconstants associated with the speed governors and with the generatorfield inductance. For this reason, the PWM converter is expected tosurpass the performance of the AC generator station in providing dynamicenhancement in the utility system. Thus, the general state of the artsuggests that the use of power electronics, such as pulse widthmodulation-based (PWM) converters, provides reactive power controlseparate from active power control. However, as recognized by thepresent inventors, rotating electric machines, like generators andcompensators, possess not only an ability to control reactive power, butalso an overload capability which is superior to all types of powerelectronics systems, especially PWM IGBT (Insulated Gate BipolarTransistor), with very limited overload capability. Furthermore,rotating electric machines are able to control the amount of reactive oractive power seen from a power source connected to the machine. Theprimary control of the reactive power is achieved by an automaticvoltage regulator (AVR), which controls the magnitude of the outputvoltage waveform and thereby can control the magnitude of the terminalvoltage at the machine. The corresponding control of the active power isachieved by the automatic load-frequency control (ALFC) loop, which usesthe frequency as an indirect measure of the active power balance in thegrid.

[0013] In an improvement to the system shown in FIG. 1, U.S. Pat. No.5,225,712 describes the use of energy storage devices, based on hydrogenand fuel cells , electrochemical accumulator batteries or the like as asubstitute to the capacitors placed on the DC line between the activerectifiers and the inverters shown in FIG. 1. However, as recognized bythe present inventors, such devices have a very high cost per kWhcompared to the sales price and are sometimes used at the DC voltagelink so as to balance power fluctuations as a result of wind gusts andwind lulls.

[0014] Recently there have been a number of wind power plants that havebeen erected at wind farms with constant-speed and/or variable-speedunits connected to the same point in the electric power distributiongrid. These systems, simplify the power quality issues like the remedialuse of static-VAR compensators, discussed above, as well as simplifyingmaintenance and operation. The present inventors recognize that suchconnections have not simplified the power grid starting procedures,maintenance, fault handling based on large-short-circuit power, etc.With regard to fault handling, it is noted that grid operators require,desirably, the ability of a power plant to produce high short-circuitpower conditions so that there is sufficient electrical currentavailable to trip circuit breakers on the transmission grid, should afault be detected. One of the problems with conventional wind powerplants is that they do not possess this capability, thereby creating apotential hazard for devices that are connected to the grid.

[0015] The discussion up to this point has been focused on differenttechniques that have been attempted in wind power plant facilities toadapt the electricity generated from wind power to make the powersuitable for application onto transnational, national, or regional powergrids. However, as recognized by the present inventors, there is yetanother shortcoming besides simply the application of the power to thepower grids, namely the commercial viability and scalability of theelectricity generated from wind power as an economic competitor withother types of electric power. In order to appreciate the limitationswith wind generated electric power, a discussion of how other types ofpower is handled is in order. The present discussion will be directedprimarily to that in Scandinavian countries, although it is equallyapplicable in other countries and regions where electric powerderegulation has been instituted. Many of these topics are addressed in“The Swedish Electricity Market and the Role of Svenska Kraftnat”,published by Svenska Kraftnat, the National Swedish Grid Company, 1999,available at www.svk.se.

[0016] As seen in FIG. 2, electricity producers generate power and feedit into a network, either a national grid, regional network or localnetwork. Network owners are responsible for transmitting the electricalpower from the producer to the consumer. Consumers, which includeeverything from industries to households, take electricity from theelectricity networks and consume it. Each consumer must have anagreement with an electricity trader to be able to buy electricity. Thepower trading company is in contact with its consumers and sellselectricity to them. The power trader can have the role of electricitysupplier and/or balance provider, both roles can exist within the sameor different companies. The electricity supplier has the supplyagreement with the consumer. The balance provider is financiallyresponsible for the electricity that the trader sells always being in astate of balance with the electricity purchased so as to coverconsumption. The balance providers provide “fine tuning” needed so as tomake sure that the amount of power provided to the network matches theparticular load at any given time, otherwise the grid frequency willvary. There are organized marketplaces, such as for example, powerexchange Nord Pool, as well as brokers, that make standard agreementsthat make it easier for the participants in the power market to do theirbusiness with one another. The bulk of the trade in electricity on themarket takes place via bilateral agreements between electricityproducers and electricity traders.

[0017]FIG. 3 shows the contract network and daily flow of informationbetween participants in the electricity market, which in the presentexample is Sweden. Grid customers (about 30) include electricityproducers and regional network operators. Balance providers (about 50)are electricity suppliers that provide information regarding theiroperations to the balance authority and system operator. Included inthis information is market information provided by the Nord Pool tradingcenter, which is also exchanged between the balance providers and NordPool itself. The system operator also has balance obligation agreementsettlement information which is exchanged between the balance providerand system operators. Based on system operator instruction, the balanceproviders provide up-to-date control over the amount of electricalenergy (characterized in a short fall or surplus), that is applied tothe grid based on load variations and other contracts that have beenexecuted for power delivery to the grid. Furthermore, network ownerstotal-up the measured production and consumption values each hour ontheir networks as well as for the balance providers that exist on thenetworks. The totals are then reported to the system operator as abalance settlement and to the balance providers.

[0018] As is clear from the detailed communications that exist betweenthe different entities in FIG. 3, the operation of the grid must beplanned. As a consequence, the system operator requires that balanceproviders submit under a balance obligation agreement, differentrequired information. Among other things, this information includesproduction plans and load forecasts every evening prior to the comingdelivery day, and when required update this information on a continuingbasis. Using this data then, the system operator can estimate the loadand assess whether bottlenecks may arise on the network. The systemoperator is also in regular contact with the control centers ofelectricity producers, regional and local network owners and systemoperators of the other Nordic countries. In order to coordinateinformation, the different system operators have agreed to distributeimportant information about the grid and balance services via NordPool's website, www.nordpool.com. This information includes historicalinformation regarding the total reported production per country perhour, the total calculated consumption per country per hour, measuredpower exchanges between countries' systems per hour, availabletransmission capacity per hour, price and volume of trade and regulatingpower per country and per hour, as well as plans and information in realtime, which includes network disruptions that have occurred which are ofsignificance to the market, and other types of faults.

[0019] With regard to most of the power delivery, electricity poweroptions are traded as part of a Nordic power exchange futures market.The combined use of electric power options and forward and future powercontracts offers greater opportunity for spreading and handling of riskin power trading. A notable feature in how trading is performed, is thatNord Pool's electric power options are standardized and thus carry anumber of fixed terms and conditions. For example, the forward contractsare based on two seasonal contracts and two year contracts. A new seriesis listed on the first trading day of the exercise day of the previouscontract series. The exercise day is the third Thursday of the monthbefore the first delivery month of the underlying instrument. Details ofhow the power exchange is performed is described in the document“Eloption”, May 1, 1999, available from www.nordpool.com, the entirecontents of which being incorporated herein by reference.

[0020] What is notable however, as recognized by the present inventors,is that electricity from wind power, and the limitation within awind-variable system, is not well suited with the currentstate-of-the-art systems for providing power to the power grid. Forexample, the risk is high to a wind turbine provider for entering into aforward contract, given the stochastic nature of wind power, and thusthe stochastic nature of a wind turbine as a power generation source,that could be expected to be generated by that provider at the time ofdelivery. While wind powered systems that employ physical assets as partof the system for providing actual energy storage present one potentialsolution. The inherent expense of such systems makes the opportunity tooffer power during periods of low wind speed very expensive since thewind power operator needs to purchase the physical assets for storingthe electrical power.

[0021] Aside from providing long term planning, there is also short-termbalance requirements that may be placed on system operators for fillinggaps or short falls in expected power demands or load variations. A timetable for trading imbalance is shown in FIG. 4 which describes thedynamic nature of how balance regulation is performed. Balance providersand other participants can trade in electricity in order to plan theirphysical balances right up until just before delivery hour. By physicalbalance, it is meant that the production and purchasing are in balancewith consumption and sale. Trading can take place on the spot market ofthe power exchange Nord Pool, which closes at noon the day beforedelivery. Alternatively, trading in electricity can take place on theadjustment market of the EL-EX power exchange from 3:00 on the daybefore up until two hours prior to delivery, or bilaterally. The systemoperator and balance regulator, regularly accepts bids (volume in powerin MW) from producers who are willing to quickly (within 10 minutes atthe outside) increase or decrease their level of production. Consumers,too, can submit bids for increasing or decreasing their level ofconsumption (known as load shedding). Balance settlement is performed atnoon the day after delivery.

[0022] As recognized by the present inventors, a limitation withconventional wind power systems is that unless there is some physicalmedia for storing the electrical power at the local generation facility,conventional systems cannot reliably perform in either the balanceregulation or the longer term Nord Pool exchange, due to variability ofthe wind power. This concept is reflected in the article by LennartSöder “The Operation Value of Wind Power in the Deregulated SwedishMarket”, Royal Institute of Technology, Sweden, Nordic Wind PowerConference 13-14, March 2000, page 5, paragraph 4.1.3, where it isexplained that for wind power the construction of the exchange makes itdifficult to put bids. The bids on Nord Pool have to be put 12 to 36hours in advance of real delivery. Lennart Söder states that this makesit in reality nearly impossible to trade wind power bids since theforecasts normally are too bad for this time. Thus, wind power isgenerally recognized as a environmentally friendly type of power,however not as commercially valuable or fungible as other types ofelectricity such as that generated by fossil fuels.

[0023] To further emphasize this point, an article by Ackermann, T., etal. “Wind Energy Technology and Current Status: A Review”, Renewable andSustainable Energy Reviews, Paragammon Press, April 2000, pages 317-366,the entire contents of which being incorporated herein by reference,shows in FIG. 8 thereof (page 347) the probability of a change in poweroutput as a percent of installed capacity. This analysis shows that witha probability of 30% the hourly mean wind power output from one hour tothe next would be plus or minus 1% of the installed capacity, plus orminus 4% from one four hourly mean to the next and plus or minus 12%between the 12 hourly means. The largest change in power output to beexpected between hourly mean power output values is about 40% ofinstalled capacity. Long-term variations in wind speed, between one yearand the next are usually quite low, as observed in this study. Thus,while short-term variations (within the 12-hour period) may besubstantial, over the long haul (a year or more), the data appears toindicate that relatively small annual variations will occur. This isrecognized by the present inventors as an issue of predictability, whichwould make wind power a viable asset in the Nord Pool exchanges providedthere is a cost effective mechanism for storing energy that may later bereleased on demand to generate electrical power.

SUMMARY OF THE INVENTION

[0024] The present description of the invention is not intended to belimited to the discussion in the following few paragraphs in thissection, but rather is a synopsis of selected facets of the presentinvention. For a more complete understanding of the present inventionshould be construed in light of this entire document. Nevertheless, anobject of the present invention is to address the above-identified andother shortcomings of conventional systems and apparatuses using windturbine technology.

[0025] Another feature of the present invention is to provide a system,method, and computer program product that convert electrical powergenerated from wind into premier power. In one embodiment, the premierpower is ensured by a virtual energy storage mechanism. In anotherembodiment, or as a supplement to the first embodiment, an xM machine isemployed as part of a co-active converter to ensure steady, fixedfrequency power is reliably applied to the power grid.

[0026] Another feature of the present invention is to provide a system,method and computer program product for controlling communicationsbetween a wind power based electricity production facility and a virtualenergy storage facility, so that excess electrical power produced by thewind power facility may be captured at the virtual energy storagefacility by way of time-effective communication between the twofacilities. The virtual energy storage facility may be used to generateelectricity to compensate for periods when wind speed decreases.

[0027] Another feature of the present invention is to convert wind powerinto premier power so that wind power-based units of electrical powermay be available for forward contracts as part of a “renewable exchange”that enables the transfer of wind power units (i.e., a predeterminedamount of power), perhaps coupled or guaranteed power produced by otherenergy production facilities, so that electricity generated from windpower may also become a “fungible” source of electric power.

[0028] Another feature of the present invention is to incorporate ameteorological sensing and prediction mechanism so as to facilitatecommunications with a virtual energy storage facility so that the windpower may be reliably supplemented with energy either stored or releasedfrom a virtual energy storage facility.

[0029] A further feature of the present invention is the incorporationof a “co-active converter” that is able to provide substation shortcircuit power so as to have sufficient fault current to blow fuses or tooperate circuit breakers as necessary to protect components connected tothe grid when installation faults occur in the network.

[0030] A further feature of the present invention is the use of aco-active converter in connection with a number of different wind farmsinstead of just one co-active converter per wind production facility.

[0031] A further feature of the present invention is the use of aco-active converter as a mechanism for providing reactive power withoutrelying solely on power electronics for providing reactive power.

[0032] Another feature of the present invention, in at least oneembodiment, is to include a co-active converter at a wind powerproduction facility where the co-active converter includes at least astatic converter and a rotating converter, both device being able towithstand DC voltage stress.

[0033] Another object of the present invention is to include a primemover that may be driven by vegetable oil, diesel, gas or the like tothe shaft of the rotating converter in a co-active converter so as tocarry out startup procedures if the power grid is completely down, i.e.black-grid start, thus enabling a capability to recover a dead grid aswell as to assist in power priming procedures.

[0034] These and other objects and advantages made available by thepresent invention are accomplished with a wind-turbine-based facilitythat includes one or more wind-turbine generators that produce variableAC from a generator, converts the variable AC to DC, and then collectsthe DC in a collection and transmission grid. The output of thecollection and transmission grid then is converted from DC-to-AC in aco-active converter. The co-active converter may take several forms, butin one embodiment includes a separately powered rotating machine with acompensator to provide reactive power control for the system regardlessif the wind turbine devices are actually producing power. Thecombination of the wind turbine production facility with the co-activeconverter is coupled with a communication mechanism that coordinatescommunication between the wind production facility and a virtual energystorage device that produces electric power by releasing a predeterminedamount of stored resources (e.g., water, if a hydro-plant) to compensatefor commitments by the wind turbine facility. Likewise, excess powerproduction at the wind turbine power production facility may be capturedat the virtual energy storage facility in the form of potential energy(e.g., hydro reserve in the case of hydroelectric plant). This potentialenergy is fungible, in that it may be bought, sold or used to generatepower at a later time. Thus, the potential energy has a real marketvalue, the expected price for which varies based on load demands andavailability of other energy sources, which may vary daily andseasonally, for example.

[0035] By creating “premier” power that is both reliable in terms ofshort term variation long term reliability as well as during faultconditions, the electrical power produced by a wind turbine generationfacility according to the present invention is able to be coupled via“guaranteed” contracts with a virtual energy storage facility, thusmaking the electricity generated from wind power as fungible as othertypes of power sources. As a consequence, by creating the premier power,the opportunity exists for creating a renewable exchange to permit thetransfer and obligation of wind generated electrical power in units thatcan be freely sold on the power market. Furthermore, creating “premier”power and providing a virtual energy storage mechanism for essentiallypreserving a potential energy associated with that “premier” powergreatly enhances the commercial value of that power since that power isnow made fungible (i.e., may be bought, sold or released on demand).Thus, unlike AC power produced from conventional renewable energy powerproduction facilities, premier power is fungible, and thus may be tradedfor power (or reserve energy) associated with another power producer,such as a hydroelectric plant. Accordingly, creating a virtual energystorage facility, enables operators of renewable energy power productionfacilities to collect energy, which has an inherent market value.

BRIEF DESCRIPTION OF THE DRAWINGS

[0036] A more complete appreciation of the invention and many of theattendant advantages thereof will be readily obtained as the samebecomes better understood by reference to the following detaileddescription when considered in connection with the accompanyingdrawings, wherein:

[0037]FIG. 1 is a block diagram of a conventional wind turbine facilitythat includes an active rectifier, DC link, and active inverter;

[0038]FIG. 2 is a block diagram showing how power units are traded on anexchange between electricity producers and power trading companies;

[0039]FIG. 3 is a block diagram showing how information is exchangedbetween a balance authority and system operator and different entitiesas part of an orchestrated electrical power system process;

[0040]FIG. 4 is a timing diagram showing how balance regulation isperformed on an exchange;

[0041]FIG. 5 is a block diagram of a system according to the presentinvention that includes a renewable energy control center processor;

[0042]FIG. 6 is a block diagram showing how coordination betweendifferent components of distributed generation and distribution systemusing a renewable energy control center processor is performed accordingto the present invention;

[0043]FIG. 7 shows an overlap between cooperative cogeneration ofrenewable energy and less costly power-limited operations so as toprovide optimized guaranteed power production;

[0044]FIG. 8 is a graph showing how present use of wind power createsmore substantial variations in balancing loads as viewed by systemoperators than according to the present invention;

[0045]FIG. 9 is a graph showing how electricity generated from windpower, if made into premier wind power, can reduce load variationdemands;

[0046]FIG. 10 is a block diagram showing how a cogeneration facilityemployed by the present invention coordinates with priming sources aswell as provides premier power to a transnational grid according to thepresent invention;

[0047]FIG. 11 is a block diagram showing components of a processoremployed by the present invention to coordinate activities at the windturbine facility for producing premier power;

[0048] FIGS. 12-18 are data structures for showing different componentsof messages to be distributed to different entities to coordinateoperations between wind power production facilities and other facilitiesaccording to the present invention;

[0049]FIG. 19 is a block diagram related to FIG. 6, although showing howthe system according to the present invention may be scaled toaccommodate other distributed generation facilities;

[0050]FIG. 20 is a flow chart of a method for how to convert electricitygenerated from wind power into “premier power” according to the presentinvention;

[0051]FIG. 21 is a flow chart of a method for showing how to virtuallystore electrical power generated from a wind production facilityaccording to the present invention;

[0052]FIG. 22 is a flow chart of an Internet-based secure forum forproviding virtual energy storage coordination and provide a mechanismfor “contracting” to combine different types of energy sources so as toprovide a hybrid unit of electrical power;

[0053]FIG. 23 is a flow chart showing how premier power is applied to apower grid after first securing a contract on a renewable exchange;

[0054]FIG. 24 is a flow chart showing how coordination is performedbetween a wind power production facility and a virtual energy storagefacility according to the present invention;

[0055]FIG. 25 is a flow chart showing how messages are exchanged from aprocessor to a rotating machine compensator as part of a cogenerativefacility according to the present invention;

[0056]FIG. 26 is a flow chart of a method for guaranteeing a “powerunit” that includes at least a portion of wind power generatedelectrical power according to the present invention;

[0057]FIG. 27 is a flow chart showing steps employed for initiating andmaintaining a renewable exchange according to the present invention;

[0058]FIG. 28 is a flow chart showing how to pool assets together tocreate a fungible “energy currency” that employs virtual energy storageaccording to the present invention;

[0059]FIG. 29 is a flow chart showing steps for creating and determiningwhether access rights are provided for providing electrical powerbetween a virtual energy storage location and a wind power productionfacility;

[0060]FIG. 30 is a flow chart for showing how a renewable exchangeaccording to the present invention provides guarantees that there aresufficient resources available for providing guaranteed renewable energycontracts;

[0061]FIG. 31 is a method for showing how costs are tracked according tothe present invention;

[0062]FIG. 32 is a flow chart showing how a method for investing isperformed according to the present invention;

[0063]FIG. 33 is a flow chart showing how meteorological data isemployed so as to assist in coordinating activities between a wind powerproduction facility and a virtual energy storage facility;

[0064]FIG. 34 is a block diagram showing how forecasting technology isused to improve coordination between a wind power generation facilityand a virtual energy storage facility according to the presentinvention; and

[0065] FIGS. 35-36 are block diagrams showing how wind forecastingtechniques is used to enhance the commercial value of electric powerproduced by a wind power facility according to the present invention.

DETAILED DESCRIPTION OF THE INVENTION

[0066] Referring now to the drawings wherein like reference numeralsrefer to corresponding structures in the several views, FIG. 5 is ablock diagram showing a control and communication infrastructureaccording to the present invention. A renewable energy control centerprocessor 500 is shown, and a more detailed description of components ofthe processor is shown in FIG. 11 as will be discussed below. Thecontrol center processor 500 includes input/output (I/O) interfaces thatconnect to communication facilities at a renewable power exchange 507,the power exchange 509 (such as Nord Pool), alternative renewable energysources such as a hydroelectric plant 511, meteorological data sourceinformation as well as service information 513, thermoelectric plants515 (or other type of electrical generation power plants), third partywind farms 517 as well as a wind farm (which may be a single windturbine) 503, which includes premier power facilities 505, shown in aform of a co-active converter embodiment. The control center processor500 may also be included in the premier power facilities 505, in analternative embodiment. A description of the wind farm 503 including thepremier power facilities 505 is discussed further in reference to FIG.10 as will be discussed below.

[0067] The control center processor 500 cooperates with the premierpower facilities 505 and hydroelectric plant 511 (or alternativelythermoelectric plant 515 and/or third party wind farm 517) so as to makethe electrical output from wind farm 503 a reliable source of electricpower. The premier power facilities 505, in cooperation with the process500 includes a capability to ensure that the form of electric power(stability of output waveform, ability to produce or sink reactivepower, and provide short circuit power), when coupled with a “virtualenergy storage” (VES) facility (hydroelectric plant 511 in thisembodiment, although other plants may be used as discussed herein alsoas virtual energy storage sources as well) is producible in fungibleenergy units. More particularly, while the premier power facilities 505places the output waveform from the wind farm 503 in a suitable form forconnection to the power grid, it also includes an adequate short circuitcurrent capability which is used when there is a fault in the grid andsignificant amount of current is required to trip circuit breakers inthis fault mode of operation). The premier power facilities 505 also hadan ability to provide reactive power to the grid at a position that isnear the wind farm 503. As recognized by the present inventors, thelonger term output power from the wind farm 503 may be made sufficientlypredictable and reliable, in a business setting, such that units of theelectrical power produced by the wind farm may be “guaranteed” bycontractual relationships or other agreements with hydroelectric plant511, in this example. These agreements are helpful in the event of awind lull for the wind farm 503, where a control message is dispatchedto the hydroelectric plant 511 to provide a compensating amount ofelectric power to offset the short fall from the wind farm. Using thecooperative arrangement the energy output obligation from the wind farmis achieved by asking the hydroelectric plant 511 to output sufficientpower to compensate for the temporary short fall from the wind farm.

[0068] While the above discussion illustrates the case where the windfarm requires supplemental power to be produced at the virtual energystorage facility, the reciprocal relationship is equally important. Whenthe wind farm produces more power than planned, the surplus power may besaved in the form of virtual energy at the virtual energy storagefacility. Once stored, the stored energy is completely fungible and maybe withdrawn upon request, or possibly even sold to a third party, foruse under the control of that third party. Moreover, by having preserveda predetermined amount of energy in the virtual energy storage facility,the stored energy is available as a resource to be converted to electricpower at the demand of the wind farm operator, or simply preserved for alonger period of time or sold to a third party. In this way, the virtualenergy storage facility offers the equivalent of a bank account, wherethe “currency” is chemical or potential energy.

[0069] As will be appreciated throughout this discussion, by havingrecognized that the availability of rapid and real time communicationbetween the control center processor and the hydroelectric plant 511,the water reserve held at the hydroelectric plant, may be used as avirtual energy storage facility for the wind farm 503. Moreparticularly, in the event of over capacity production by the wind farm503, the premier power facilities 505 communicates this condition to thecontrol center processor 500, which sends a message to the hydroelectricplant 511, requesting that the hydroelectric plant 511 produce acorresponding lesser amount of electric power during this period ofoverproduction. The total output power from both the wind farm 503 andthe hydroelectric plant 511 is thus held to be consistent with theaggregate delivery requirement for both the hydroelectric plant 511 andwind farm 503. Moreover, at any given time, the wind farm 503 and thehydroelectric plant have certain contractual obligations to producepredetermined amounts of power. This predetermined amount of power inthe aggregate will equal a certain level of power. However, recognizingthat for maximizing power output, the wind farm 503 does not haveprecise control over the amount of power it produces at any giveninstant in time, by communicating from the wind farm 503 to thehydroelectric plant the amount of overproduction, the hydroelectricplant 511 can adjust its output level so as to compensate for thesurplus. Likewise, for a shortfall, the wind farm 503 may communicate tothe hydroelectric plant the amount of extra power that the hydroelectricplant will need to generate in order to compensate for the shortfall bythe wind farm 503. The hydroelectric plant 511 will thus be able to savea predetermined amount of its water reserve for use at a later time.This amount of water (or electrical equivalent) is held on account forthe wind farm 503 for use at a later time. While not shown on thisfigure, any adjustment made in output power from the wind farm 503 andthe hydroelectric plant 511 is communicated to a system operator so thatthe system operator may also dispatch commands regarding adjustmentsthat may need to be made to reactive power control at the differentfacilities so as to balance the reactive power loads placed on the grid.If there is a large electric distance between the wind power mills andthe virtual energy storage facility, these facilities are able toprovide voltage support at least at two sites, independent of oneanother. In the preferred embodiment, the wind power park is able toprovide the voltage support via the xM at the wind power park site, andat the hydroelectric plant voltage support is provided by synchronousgenerators, independent of whether the wind power turbines actuallyproduce active power at the time of delivery. Thus, the presentembodiment is able to provide adequate voltage control, which is able tokept to within a predetermined voltage limit at the point of commonconnection.

[0070] The connection between the premier power facilities 505, therenewable energy control center processor 500 and the hydroelectricplant 511 (as well as the other communication links shown in FIG. 5) maybe made by way of an Internet connection, which may use a combination ofland-lines, submarine cables, or wireless links such as point to pointradio frequency links (e.g., microwave, satellite, MMDS or the like), ora combination thereof. Proprietary or leased wired or wireless links maybe used as a substitute or to complement the Internet connection. Inthis case, the communications link between the renewable energy controlcenter processor 500 and the hydroelectric plant 511 includes at least aportion of an Internet connection. The control center processor 500includes a URL that is available for access by the respective wind farmoperators and other electric power plant operators so that a Web basedgraphical interface (e.g., Web browser, such as “EXPLORER” offered byMICROSOFT) is presented to the operators of the different plants. Theseoperations interface can thus monitor and control a “ganged” controloperation of the wind farm 503 and the hydroelectric plant 511 forexample. Thus, a change in power production (e.g., above or belowplanned amounts) at the wind farm 503, is immediately (preferably withina second, although in some cases with a lag time of a 10 seconds, or insome rare cases a minute or more) compensated for at the hydroelectricplant 511. A principal factor in determining the actual delay time isthe response time of the hydroelectric plant 511 to a command from thewind farm 503 requesting that the gates at the hydroelectric plant 511be opened or closed by some predetermined amount. When “ganged” controloperation is used, and the response time of the hydroelectric plant 511is routinely more than a few seconds, the processor 500 may use the datafrom the meteorological data source/service to predict the amount ofsurplus/shortfall that will need to be addressed at some predeterminedperiod of time in the future (e.g., 10 seconds or more). In this way,the wind farm 503 (or alternatively the hydroelectric plant 511 itself)may dispatch an “anticipatory” control command to the hydroelectricplant 511, causing the hydroelectric plant 511 to begin to make thenecessary adjustments for increasing/decreasing the power productionbased on the forecasted surplus/shortfall in power production from thewind farm 503 as a result of predicted wind speed increase or decrease.

[0071] The communication link is a secure link, provided with encryptionsuch as by way of a virtual private network (VPN). Alternatively,instead of a Web interface using the Internet, digital communicationlinks including proprietary links may also be used for interfacing thecontrol processors at the hydroelectric plant 511 and the premier powerfacilities 505 by way of the control center processor 500 for example.In this way, when requests are made by the wind farm 503 to eitherincrease or decrease the power production level at the hydroelectricplant 511, the processor (not shown in FIG. 5) at the hydroelectricplant 511 can verify that the premier power facilities 505 associatedwith the wind farm 503 has, in fact, saved up enough excess power by wayof its virtual energy storage contract (or other obligation created withthe hydroelectric plant 511) so as to contractually obligate thehydroelectric plant 511 to produce the requested power. Furthermore, thehydroelectric plant may simply serve as a “stand by” energy source, soas to guarantee the output power from a given wind farm. In this way, ifthe wind farm 503 would need a certain amount of power to compensate fora lull in the wind, the wind farm operator 503 may request that thehydroelectric plant 511 increase its power output level in thehydroelectric plant 511. Then on a request-by-request basis, may debitan account held by the wind farm operator 503 and report the debiting tothe billing and tracking mechanism in the control processor 500 so thatafter a predetermined period of time the account may be reconciled andfunds exchanged with the hydroelectric plant 511. This independentcontractual linkage avoids the necessity and expense of having topurchase power on the spot market, which does not provide the kind ofrapid response time that is most desirable so as to “guarantee” that theunits of power provided by the wind farm (whether produced from the windfarm itself, or supplemented from output from the hydroelectric plant511) are delivered as requested.

[0072] By providing, in a reliable fashion, units of electrical powerthat are at least partially derived from the wind farm 503, enables thewind generated electrical power to be on par with other types of powerin a commercial setting. The present inventors have recognized that bymaking this power reliable both in terms of the quality of the powerprovided to the grid, and also in terms of the contractual reliabilitywith which the wind power may be provided to the grid, perhaps byrelationships with virtual energy storage facilities, wind power unitsmay also be traded on a power market. As previously discussed, the powerexchange 500 includes long term contracts for providing predeterminedamounts of power to the grid. Thus, by being able to have guaranteedcertain output levels of power from the wind farm, the wind farmoperator may also participate in this power exchange by entering intoforward contracts. It should be stated that while the present inventiondiscusses wind power as a preferred embodiment it is also applicable forsolar power for example or other time varying power productionfacilities.

[0073] Another feature made available by the present invention is thecreation of a renewable power exchange 507, which includes units ofpower that may be traded from power production facilities that userenewable sources of power (solar, wind, hydro, for example). Therenewable exchange is based on the principle that if certain powerproduction facilities can reliably predict the amount of power they canproduce at any given instant in time, then contractual relationships maybe formed and units of power, that are perhaps guaranteed, or even madeavailable by way of options contracts, may be traded in a virtual forumsuch as in a power exchange for renewable energy sources. The renewablepower exchange will be based on the principle that units of power forsome given period of time produced by the wind farm, may be predictedwith a certain degree of accuracy, based on meteorological data sourceand prediction tool 513.

[0074] This meteorological prediction tool provides a statisticalprobability indicating the likelihood of the wind farm actuallyproducing the amount of power contracted for a given period of time.Based on this statistical prediction, it is the availability of thatinformation that is reviewable by different market participants at therenewable power exchange bidding on the unit of wind power energyproduced by the wind farm at some given period of time.

[0075] Due to wind power being “green”, this type of power is highlydesirable and financial incentives are sometimes offered by differentgovernments to provide this type of power, or even quotas placed onpower providers for providing a certain amount of green power as part oftheir energy portfolio. By providing units of power that are availablefor sale, including the statistical likelihood of the reliability ofproviding that power, market participants in a renewable power exchange507 may purchase the units of power from wind farm as a forward option.Market participants may include other wind farm operators such as thethird party wind farm 517 who seek to increase the likelihood ofdelivering power for their respective contractual obligations byaccumulating more power product resources. Other operators such asthermoelectric plant 515 or hydroelectric plant 511 operators may alsopurchase the units of wind power and use the control center processor500 as a mechanism for guaranteeing that the hydroelectric plant 511 orthermoelectric plant 515 can increase its production in the cases whenthe wind farm in fact has a lull in wind and cannot produce the requiredamount of wind generated electric power. Likewise, the other operatorsmay purchase from a wind farm operator a surplus of potential energysaved in the wind farm operator's virtual energy storage account. Thepotential energy assets will tend to accumulate in the wind farmoperator's account if the wind turbines experience a greater thanpredicted amount of wind.

[0076] The price that a hydroelectric plant operator (or other type ofoperator) would be willing to pay would be a function of the level ofrenewable energy resources they presently have collected, or as a resultof their optimization process, predict to have in the future. Forexample, the price a hydroelectric plant operator would be willing topay for wind energy would be relatively high if the water reserve at thehydroelectric plant is relatively low or below expectation levels forthat particular time during the season. On the other hand, if thehydroelectric plant operator has a larger than expected surplus of waterreserve, and may even have to spill some of the water, it is unlikelythat that hydroelectric plant operator would be willing to pay much forthe power produced at the wind form operations. On the other hand, athermoelectric plant operator would, on a unit by unit basis, be willingto pay for the green units of wind power in order to meet theirgovernmental regulations. Purchasing units of power from a wind farmoperator also saves on fuel, provided that the output levels and costfrom the wind farm are sufficient to offset their reserve of fossilfuels.

[0077]FIG. 6 is a block diagram that shows the interrelationship betweendifferent components of an overall system that uses renewable powergeneration in cooperation with a virtual energy storage facility so asto provide more efficient and commercially valuable services forproviding wind generated electric power. The renewable energy controlcenter processor 500 is shown to cooperate with both the virtual energystorage mechanism, meteorological service, that includes sensors,weather forecasting, wind to electric power conversion calculations andthe like in order to provide input to the processor 500 for identifyingthe likelihood with which a particular renewable energy producer will beable to provide a predetermined amount of power. The control centerprocessor 500 also cooperates with a similar processor in a power systemoperation management mechanism 602. The power system operationmanagement mechanism 602 coordinates both the purchase requirements forthe power exchange as well as the balance operation, and directingdifferent energy producers to provide certain amounts of power,including reactive power, in certain time frames so as to maintain astable frequency operation and also avoid reactive power anomalies atcertain locations on the grid.

[0078] The distribution generation 1, includes one or a plurality ofdifferent types of renewable energy sources. These renewable energysources include wind, solar and possibly even hydroelectric sources.Since a plurality of different generators are used, the generatorsconnect to a collection in transmission grid that collects the power(which in this embodiment is an HVDC link, which in turn connects to asubstation that includes a co-active converter). The co-active converterhandles the fluctuating power from the renewable energy sources andprimes the power so as to make the output power substantially conformwith that required on the power grid. Preferably, there is only oneconnection between the co-active converter from a single wind farm ormultiple wind farms or a hybrid combination of wind farms with othertypes of renewable energy sources. It should be noted that thiscollection and transmission grid does not include complicated andexpensive energy storage units located at the wind mills' DC voltagelink.

[0079] The substation may also include an optional prime mover that canoperate off of an external source of fuel such as vegetable oil, gas,diesel, or compressed air for example. This prime mover is able to fillthe gap between the power that is actually sold, and the power that isavailable from the wind. The output of the power substation is providedto the power grid, which in the present context includes a transmissionand distribution grid. The transmission and distribution gridinterconnects both a large scale generation facility that connects withthe virtual energy storage device, as well as other large scalegeneration facilities substations, distribution operations, as well asthe loads that receive energy from the different electric powergeneration facilities.

[0080] The system operation management mechanism 602 coordinates withthe different power production facilities to place regulations on theamount of power that is provided to the grid. Communications with thepower system operation management may also be provided to the renewableenergy control center processor 500 for restricting the amount of powerthat is provided from the renewable energy sources if appropriate.Furthermore, the renewable energy control center processor 500, as wellas the power system operation management mechanism 602 that controls anoptional feature for performing load shedding, cooperate to manage andbalance the power that is actually produced versus the actual demand.Load shedding is achieved by contractual relationships (preferably) withcertain customers who have agreed to have their power cut back at timesof peak need. A feature of the present invention is that the renewableenergy control center processor 500 may also contract, through privatecontracts, with separate optional load shedding customers who haveagreed to have their power level demands fluctuate and diminishedpurposely when lulls in the wind power are observed. For example, whilethe virtual energy storage facility is one mechanism for converting theexcess power produced by renewable power sources into tangible assetsthat may be turned into power at a later time (perhaps by increasing thewater volume in a hydroelectric plant's reservoir), the load sheddingoperation in connection with the renewable energy control centerprocessor provides a mechanism for reducing the demand obligations fromselected customers who have agreed to have their power cut back in timesof lowered output capacity from the wind turbines. Thus, a feature ofthe present invention is to coordinate periods of oversupply from arenewable energy source by storing power production resources at avirtual energy storage device, and also compensating for output powerdeficiencies by either requesting that a release from the reserve storedat the virtual energy storage facility produce power to offset the shortfall, and/or institute power shedding operations at predeterminedcustomers who have agreed to have their power cut back at times oflowered production capacity.

[0081]FIG. 7 is a conceptual diagram showing how the use of differenttypes of renewable energy sources (such as wind, solar, wave, tidal,oceanic, based on ocean currents and/or wave action, or evengeothermal), may be combined in a linked fashion with other types ofconventional and controllable power production facilities such as fossilfuels or hydroelectric power generation. As noted in FIG. 7, therenewable energy sources are different from fossil fuels in that fossilfuels have power-limited operation (meaning that reserves for fuelsources may be stored and compiled without limit, but the output powerby those facilities is limited). Such operations provide units of powerof about 50 cents per watt. On the other hand, renewable energy sourcesoperate in an energy limited operation where there is not an ability tostore the source of power without limit.

[0082] Hydroelectric generation is somewhat different in that by usingreservoirs and dams it is possible to control the amount of preservedfuel source (amount of water) which can be released at a controlledrate. Thus hydroelectric power can be considered to have some componentsof being both energy limited operation as well as power limitedoperation, which as identified by the present inventors is actually anopportunity for a shared relationship with other types of renewableenergy sources. For example, hydroelectric operators cannot store aninfinite amount of water volume, and thus must spill some of the waterin the reserve if the supply becomes too great. Accordingly,hydroelectric operators must manage the reserves in a controlledfashion. Since renewable power from wind turbines provides atime-varying amount of power, the present inventors have recognized thatcooperation between a hydroelectric operations plant and renewableenergy source such as wind turbine farm has significant synergy in thatby linking the two facilities one with a relatively short time constant(wind-power) with one having a much longer and predictable time constant(hydroelectric generation), the aggregate enables the optimization ofgreen power use. Furthermore, the combination of electricity from windpower with hydroelectric power provides for a reliable cooperativegeneration system that enhances the commercial value of the morevolatile energy source such as wind power or solar power.

[0083]FIG. 8 is a graph that shows the relative amount of electric powerproduced from different types of power facilities versus time (scaledoes not reflect actual systems necessarily). FIG. 8 shows generallythat hydroelectric power which is a controllable resource to some extent(as indicated by the variable range with a limited dynamic range)provides a predetermined amount of power, albeit under a controlledoperation. Nuclear power, which is also controllable, typically operatesin a fixed fashion. Fossil fuel plants and hydroelectric power plantshave a controlled amount of power output that can be operated from afull production capacity down to no production at all. Wind generatedelectric power however, because it is not considered to be main-streamtype of power, is simply applied to the grid on an as produced basis,and responsibility falls on the balance provider to reduce the demand onthe spot market to compensate for the amount of power that is applied tothe grid by the wind operators.

[0084] By providing electricity from wind power in this fashion that isnot in any way premier power (meaning that the wind power is not of thesame quality as other sources of electrical power) places an increasedburden on system operators. Moreover, the way wind power isconventionally handled, without an ability to plan in advance for theuse of a predetermined amount of wind power, causes the wind power to beanother stochastic variable that must be addressed by the systemoperator at the same time that varying loads are addressed. Thus, theburden on system planners is not only to match the amount of contractedpower to meet an instantaneous load, but also to handle a varying amountof power that is applied to the power grid by wind turbine operators.Thus the concern over properly matching, without planned optimizationfor the amount of power that is produced is suboptimal. As seen in FIG.8, the instantaneous power produced may be below maximum productioncapacity, and below a predetermined instantaneous load. When thisoccurs, then stored power may be needed to compensate for the lower thanneeded maximum power capacity. The other alternative is to perform loadshedding so that the amount of load is reduced.

[0085]FIG. 9 is a graph like that shown in FIG. 8. However, in this casethe wind power produced (or other type of renewable power source) isproduced as premier power. Furthermore, a feature of the premier poweris that the wind turbine facility has a coupling relationship with avirtual energy storage facility such as a hydroelectric power plant,such that the premier power is able to be handled just as conventionalhydroelectric power, nuclear power or fossil fuel power “units” that areequally fungible and exchangeable in a market setting. This couplingrelationship may be made with other energy sources, the suitability ofwhich is determined by different market participants like those actingas traders dealing with at least one of the energy kinds from thefollowing list: renewables including hydroelectric power, thermoelectricpower like e.g. fossil or nuclear, combined heat and power (CHP), forexample. By making premier power from wind it is possible to do forwardproduction planning and optimization by the system operators. As aconsequence, the number of random variables is reduced and as aconsequence, the level of difficulty of balance control is reduced sincethe random variable primarily becomes the amount of load that isexperienced by the grid operator from the consumers. In this way, marketefficiencies are also improved as the burden on significant swings onthe spot market to provide instantaneous power demands (to offsetsignificant variations between predicted power levels) is reduced,thereby enabling power producers to more effectively manage and lowerthe cost for producing power that is applied to the grid. Furthermore,by making power from wind turbines into a fungible form of power units,enables wind power operators to sell the electric output therefrom in alonger term, such as in options and forward contracts.

[0086]FIG. 10 is a block diagram of a wind turbine electrical powerproduction facility according to the present invention. The wind turbineelectrical power production facility includes one or more converters,some of which may be embodied as co-active converters. Wind turbines 503₁-503 _(N) are connected to respective generators and then to anAC-to-DC converter. In the wind turbine 503 _(N), a transformer may beused between the generator and the AC-to-DC converter(s). A large numberof wind turbine based generators may be used according to the presentinvention, as described in Swedish Patent Application 9904753-2, filedin the Swedish Patent Office on Dec. 23, 1999, or Swedish PatentApplication 9904740-9, filed on the same day in the Swedish PatentOffice, the entire contents of each of which being incorporated hereinby reference. As seen in the wind turbine 503 ₁, no transformer is used,as described in PCT/SE97/00878, filed on May 27, 1997, the entirecontents of which being incorporated herein by reference.

[0087] The output of each AC-to-DC converters is a DC electricity sourcethat is applied to a collection and transmission grid (C&T grid) 1001. Adetailed description of how the collection transmission grid isestablished may be found in the above identified Swedish PatentApplication 9904740-9 and thus will not be further discussed herein.With the DC power aggregated and distributed over a HVDC link, thepositive and negative lines from this HVDC link are output from thecollection and transmission grid 1001 and applied to a premier powerfacilities 505.

[0088] In the premier power facility 505 a processor 500 is used tocontrol operations and to control communications between the wind farmfacility and premier power facilities 505 and other systems such aspriming source No. 1 511 ₁ or priming source No. 2 511 _(N). Likewisecommunication links (physical or wireless links) may connect to othersystems and devices as shown previously in FIG. 5. Positive andnegatives legs of the DC source from the collection and transmissiongrid 1001 are applied to first and second DC-to-AC inverters thatproduce output waveforms that match to the frequency and reactive powerrequirements of the transnational grid as shown. The DC-to-AC inverters(may be power electronics inverters that uses insulated gate bipolartransistors as switches to actively control switching operations by wayof PWM control signals. Positioned across the output lines from the DC-to-AC inverters are a prime mover and a rotating electric machinereferred to here as “xM”. The prime mover may be any one of a gasengine, diesel engine, steam turbine, expander turbine, hydroelectricwater wheel, water turbine or the like, perhaps even being supplied withcompressed air storage facility. Mechanical energy imparted by the primemover may be applied to the xM in order to operate the xM as agenerator, one type of rotating electric machine. By employing thecombination of the prime mover with the xM (or optionally just the xM byitself), the co-active converter provides a power “priming” operationthat converts low-quality energy into premier electric powers discussedherein.

[0089] The co-active converter performs a frequency conversion function(e.g., converting from non-stable AC to a fixed, standard AC output, ormore preferably converting an output from a high voltage DC link to afixed, standard AC. However, the co-active converter also provides acontrollable amount of active and reactive (independently controllable)the power grid. Thus, by incorporating a co-active converter, thepresent invention can adapt power from a renewable energy powerproduction facility, which may have an unstable output and make thepower suitable for meeting the specifications (e.g., reactive powercontrol, short-circuit power, suppressed harmonics and the like) placedby grid operators on other power producers. As seen in FIG. 10, thecoactive converter portion of the premier power facilities 505 isdisposed between two sets of terminals (i.e., one set provided from theHVDC link from the C&T grid 1001 and the other being the connection tothe Large scale transmission grid. Preferably, the co-active converterincludes a DC-to-AC converter (shown), a rotating converter (shown), anda power transformer (shown), although other configurations are possibleas well. The co-active converter includes at least one static orrotating converter from the following:

[0090] 1. A frequency converter that operates to convert from between DCto a frequency standard (e.g., 50 Hz or 60 Hz) AC (shown);

[0091] 2. A frequency converter that operates to convert from betweenvariable low-frequency (e.g., 3 Hz to 10 Hz) AC to a frequency standardAC;

[0092] 3. A frequency converter that operates to convert from constantlow-frequency AC to a frequency standard AC;

[0093] 4. A rotating converter that supplies reactive and/or activepower to frequency standard AC; and

[0094] 5. A power transformer that adapts a voltage level and providesfor short circuit level operation, and is preferably a static device (asopposed to a rotating device).

[0095] The rotating converters are preferably a rotating electricmachine that may act as a reactive compensator and optionally act as anelectrical generator driven by a prime mover. By having the prime mover,the rotating converter is able to offer the following advantages:

[0096] a. start-up the power grid after a major fault;

[0097] b. partly or wholly add active power (for helping to “prime” thepower generated by the wind turbine);

[0098] c. partly or wholly supplying reactive power to the power gridand optionally to the frequency converter so as to prime the electricalpower generated by the wind turbine;

[0099] d. reduce the low order harmonic pollution caused by thefrequency converter;

[0100] e. support the active AC for the operation of the frequencyconverter;

[0101] f. release a dependency of the frequency converter's active andreactive control from one another (e.g., stationary, when implementedwith thyristors valves, or during fault, based on transistor valves);

[0102] g. symmetrizing the power grid at the AC terminals of theco-active converter;

[0103] h. supply short-circuit power during fault operations.

[0104] With regard to the short-circuit power discussed above, thepresent inventors have recognized that having a sufficient reactivepower capability during a time of short circuit fault and/or faults toground, the co-active converter should have sufficient current capacityto trip a circuit protection device, such as a circuit breaker.Furthermore, with regard to the use of a prime mover, the presentinventors have recognized that an additional energy supply capabilityfrom a rotating electric machine, driven by a prime mover does twothings. First, it enables the supply of a failing energy—compared toprognosticated and sold energy—during normal operations. Second, itsupplies energy for, normally rare, state-up procedures, such as ablack-grid start. Furthermore, by having a xM (i.e., a rotatingconverter that is a rotating electric machine, a compensator, connectedas a shunt element near a point on common connection to the power grid),as part of the co-active converter, the xM provides an energy storagecapability that is useful during faults where the voltage sags and thetransferable power capability from wind to grid is temporarily reducedto as low as 5 to 10% of nominal value during a fault time that may last0.2 seconds (a power grid operator's specified conditions). Finally, theenergy storage capability helps to eliminate voltage flicker due totower shadow and wind gusts during normal operation.

[0105] The reactive power in the co-active converter is created in acombination of units: the DC-to-AC converters and the rotating electricmachine (i.e. xM). The reactive power may then be transmitted to the ACpower grid or held at zero if the utility demand is zero. Net-commutatedconverters will consume some reactive power provided by the xM, whileself-commutated converters can consume or produce some reactive power.The present inventors have observed that, from a dynamics point of view,the self-commutated converter (which uses IGBTs as semiconductor valves)consumes reactive power provided by the xM. On the other hand,net-commutated converters (which use SCRs, thyristors, as powersemiconductor valves) have an advantage in that their powersemiconductor valves are fewer by a factor of 3 to 30, as compared withself-commutated converters.

[0106] Preferably, the xM is a two-winding machine with two sets of ACthree-phase windings arranged in the stator and exposed to both AC andDC fields when in operation. While the xM may be a synchronous machinethat operates at constant speed, it is preferable to use an adjustablespeed machine that may uses brush-less drives or brush-based drives,such as Static Scherbius drives.

[0107] A feature of the premier power is that it allows the renewableenergy source such as wind power to be afforded the advantages of othertypes of electrical power generation sources such as hydroelectric powerwithout however the expensive bulk cost for energy storage such as withhydrogen or fuel cells or electric chemical actuator batteries or thelike.

[0108] The processor 500 serves as a controller to control a mode ofoperation for the xM. The xM may also operate as a motor for example soas to serve as a sink of reactive power as well, thus the terminology“xM”, referring to either a generator of a motor for example. Whetherthe output power is partially supplied from the xM or from only the DCto AC inverters, the output power is coupled onto transmission lines aspart of the transnational grid. Of course, the connection may also be tofeeder lines that connect to the transnational grid. The transmissionlines of the transnational grid also include various loads, industrialloads 1005, commercial loads 1007, and sheddable loads 1009, previouslydiscussed.

[0109] Due to the physical location of the connection between thepremier power facilities 505 and other places on the transnational grid,it may be that the system operator requires that the premier powerfacilities 505 impart a certain amount of reactive power onto the gridso as to manage the reactive power balance in the grid. Reactive poweris closely connected to voltage control, which is applied to ensuresatisfactory operation and distribution of electrical power across thegrid. FIG. 10 is helpful to illustrate this point in that if the premierpower facilities 505 has a cooperative arrangement with one of thepriming sources 511 ₁, 511 _(N), the premier power facilities 505 mayinput its source of electricity onto the transmission lines at one pointof the grid, which in turn may be sinked at one of the commercial loadsfor example. Thus, although the electrons placed on the grid at thelocation of the premier power facilities 505 occurs at a specificlocation, there are certain access rights that may be need to berequired (as will be discussed below) in order for the premier powerfacilities 505 to work cooperatively with the priming source 511 ₁because the priming source 511 ₁ will have different access rights thanthe premier power facilities 505.

[0110] While the DC-to-AC inverters as part of the premier powerfacilities are shown, it should also be recognized that the invertersmay take the form of variable low-frequency AC or constant low-frequencyAC output from the collection and transmission grid 101. The frequencywith which the inverters operate may be controlled to either operate at50 Hz or 60 Hz AC, for example.

[0111] The components of the co-active converter located between thecollection transmission grid 1001 and the AC link to the power grid mayinclude several variations. The various embodiments that form theco-active converter includes at least one static or rotating converterfrom the following items:

[0112] 1. A frequency converter that converts from DC to a standardfrequency such as fixed 50 Hz or 60 Hz AC,

[0113] 2. variable low-frequency AC to frequency standard AC,

[0114] 3. frequency converter from constant low-frequency AC tofrequency standard AC,

[0115] 4. rotating converter supplying reactive and/or active power tofrequency standard AC, or

[0116] 5. a power transformer for voltage adaptation and for adjustingshort circuit level where the frequency converter is preferably a staticconverter while a rotating converter is preferably a rotating electricmachine that acts as a reactive compensator and optionally acts as anelectric generator driven by a prime mover. The rotating electricmachine may be either an AC shunt machine alone or the combination of anAC shunt machine and a series (e.g., connected as a series link in oneof the power grid lines connected to the actual substation) AC machineas described in Patent Cooperation Treaty Publication PCT/EP 98/007744,the entire contents of which being incorporated herein by reference.

[0117] The rotating electric machine is able to perform the functions of

[0118] providing start-up power for the power grid after major faults;

[0119] partly or wholly add active electric power that “primes” the windpower;

[0120] partly or wholly supplying reactive power to the power grid andoptionally to the frequency converter which assists in priming the powerand reducing the harmonic pollution from the frequency converter itself.

[0121] In one mode of operation the processor 500 controls the xM toproduce priming energy that is added to the composite output from thevarious wind turbine devices that feed the collection and transmissiongrid 101. The co-active converter provides supplementary power to thatprovided from the wind turbine facility when the processor 500determines that output from the wind turbine facility is insufficient tomaintain the required output voltage or frequency. Visually, thispriming energy may be considered to be the equivalent of the cooperationbetween the hydroelectric power and the premier wind power shown in FIG.9. Moreover, the power provided by the xM will supplement the outputfrom the wind power resources so as to provide a guaranteed level ofservice that permits the operators of wind turbine facilities to enterinto forward contracts. Alternatively, the combination of wind generatedelectric power that is supplemented with the priming power from the xM,may be used in combination with a hydroelectric power so as to be ableto offer for sale “hybrid” power units, at least a portion of whichinclude electrical power generated from wind farm, having a premierpower facility.

[0122] Functional features of the co-active converter aside fromproviding supplemental power also include providing a source of reactivepower, suppressing harmonics (perhaps by way of a PWM control for anactively switched inverter), provisions for providing short circuitpower in the event of a fault in the transmission grid, steady statesymmetry, and optionally providing short term or continuous active powerfrom the prime mover which is preferably adjusted using a powertransformer. Other features describing the reactive power control byusing a constant frequency machine as a motor or a generator isdescribed in PCT Application PCT/SE 00/00724, filed Apr. 17, 2000, and arotating system for providing power stabilization is described in PCT/SE00/00781, filed Apr. 30, 1999, the entire of contents of each of whichbeing incorporated herein by reference.

[0123] With regard to providing supplemental grid protection systems,one technique is to provide a system that is able to make use of timestamped quantities, as well as quantities derived therefrom as a basefor protection decisions. This may be accomplished with a protectionsystem that uses at least three system protection terminals that areintroduced as suitable locations in the electric power system. Thesystem protection terminals are interconnected by a communicationsystem, using substantially dedicated communications resources. At leasttwo of the system protection terminals are equipped to collectmeasurement signals associated with characteristics of the power systemat that particular location. The measurements preferably include complexAC quantities and stability indicators. The signals are processed anddata related to the measurements are spread on the dedicatedcommunication resource to the other system protection terminals. Atleast two of the terminals are equipped to evaluate the condition of thelocal part of the power network and if necessary provide control signalsto the power system units. The evaluation is based on selected parts ofthe data available on the communication resource, locally available dataand/or externally entered data. The system protection terminals includememory for storing data and so the data provides a near history ofsystem information as well as the older measurements. Each systemprotection terminal has access to at least two communication links ofthe communications system. Each system protection terminal includes aprocessor and communication mechanism, as well as a local database. Thistechnique is described more fully in commonly owned, co-pending U.S.patent application Ser. No. (TBD), entitled “System Protection Scheme”,filed in the U.S. on Aug. 31, 2000, and also filed in Sweden on May 31,2000 as application no. 0002050-3, each application having inventors Löfand Gertmar in common with the present document (with the addition ofKarlsson in the U.S. application and Swedish application), the entirecontents of which being incorporated herein by reference.

[0124] Power system analysis and protection have always developedinteractively. Since the beginning of the electrification era, equipmentprotection has been very important, in order not to destroy thecomponents in the power system in case of faults. Today the electricsupply is so important to the entire society and the cost ofinterruptions so high that large efforts have to be made in order tokeep up the electric power supply and mitigate wide area disturbances.Protective actions might therefore have to be taken, even in situationswhere no power system equipment is subject to be immediately damaged.One therefore often distinguishes between unit or equipment protectionon one side and system protection on the other side. System ProtectionScheme (SPS) is the common name used when the focus for the protectionis on the power system supply capability rather than on a specificequipment. SPS was earlier the acronym for Special Protection Scheme,also known as Remedial Action Scheme (RAS), with basically the samemeaning as System Protection Scheme is today. The word special isnowadays replaced by system, since it is more relevant to describe thistype of protection.

[0125] A System Protection Scheme (SPS) or Remedial Action Scheme (RAS)is designed to detect abnormal system conditions and take predetermined,corrective action (other than the isolation of faulted elements) topreserve system integrity and provide acceptable system performance. SPSactions, include among others, changes in load (e.g. load shedding),generation, or system configuration to maintain system stability,acceptable voltages or power flows. SPS are preferably local equipmentco-ordinated by overall system studies. Many SPS, however, rely onsystem-wide communication.

[0126] Transmission devices designed to provide dynamic control ofelectric system behaviour, which typically involve feedback controlmechanisms using power electronics to achieve the desired electricsystem dynamic response, during normal operation conditions, must not beconsidered as SPS but instead as transmission control devices. Examplesof such equipment and devices include: static var compensators, powersystem stabilisers, active or reactive power flow controllers andreactive power compensation. The word control means continuous actionduring normal conditions on the controlled equipment. Emergency controlinvolves other control actions, (usually included in the maincontroller, but out of operation under normal situations), that handlethe operation in abnormal situations. Shift of control mode from normaloperation to emergency control can be classified as an SPS, e.g. normalHVDC control to Emergency Power Control for fast power change.

[0127] The processor of FIG. 11 may be used to perform a communicationstransport function for interfacing with different applications as partof a stacked protocol architecture. In such a configuration, theprocessor 500 performs signal creation, transmission and receptionfunctions as a communications service to control applications that senddata to the processor and receive data from the processor. Moreover, theprocessor 500 may be used to provide a wireless or wired communicationsfunction to any one of a variety of devices such as wind turbinefacility 350, meteorlogic source/service 351, and control facility 353.Thus, the processor of FIG. 11 may be used as part of a local areanetwork (LAN) connecting fixed structures or as part of a wirelesspersonal area network (WPAN) connecting mobile devices, for example. Inany such implementation, all or a portion of the present invention maybe conveniently implemented in a microprocessor system usingconventional general purpose microprocessors programmed according to theteachings of the present invention, as will be apparent to those skilledin the microprocessor systems art. Appropriate software can be readilyprepared by programmers of ordinary skill based on the teachings of thepresent disclosure, as will be apparent to those skilled in the softwareart.

[0128]FIG. 11 illustrates a processor system 500 upon which anembodiment according to the present invention may be implemented. Ofcourse the processor system 500 may also be implemented as a separateprocessor-based controller, different from the processor 500 (FIG. 5, oras a subcomponent of the processor in FIG. 5). The system 500 includes abus 303 or other communication mechanism for communicating information,and a circuit-board based processor 305 coupled with the bus 303 forprocessing the information. The processor system 301 also includes amain memory 307, such as a random access memory (RAM) or other dynamicstorage device (e.g., dynamic RAM (DRAM), static RAM (SRAM), synchronousDRAM (SDRAM), flash RAM), coupled to the bus 303 for storing informationand instructions to be executed by the processor 305. In addition, amain memory 307 may be used for storing temporary variables or otherintermediate information during execution of instructions to be executedby the processor 305. The system 301 further includes a read only memory(ROM) 309 or other static storage device (e.g., programmable ROM (PROM),erasable PROM (EPROM), and electrically erasable PROM (EEPROM)) coupledto the bus 303 for storing static information and instructions for theprocessor 305. A storage device 311, such as a magnetic disk or opticaldisc, is provided and coupled to the bus 303 for storing information andinstructions.

[0129] The processor system 301 may also include special purpose logicdevices (e.g., application specific integrated circuits (ASICs)) orconfigurable logic devices (e.g, simple programmable logic devices(SPLDs), complex programmable logic devices (CPLDs), or re-programmablefield programmable gate arrays (FPGAs)). Other removable media devices(e.g., a compact disc, a tape, and a removable magneto-optical media) orfixed, high density media drives, may be added to the system 301 usingan appropriate device bus (e.g., a small system interface (SCSI) bus, anenhanced integrated device electronics (IDE) bus, or an ultra-directmemory access (DMA) bus). The system 301 may additionally include acompact disc reader, a compact disc reader-writer unit, or a compactdisc juke box, each of which may be connected to the same device bus oranother device bus.

[0130] The processor system 500 may be coupled via the bus 303 to adisplay 313, such as a cathode ray tube (CRT) or liquid crystal display(LCD) or the like, for displaying information to a system user. Thedisplay 313 may be controlled by a display or graphics card. Theprocessor system 301 includes input devices, such as a keyboard orkeypad 315 and a cursor control 317, for communicating information andcommand selections to the processor 305. The cursor control 317, forexample, is a mouse, a trackball, or cursor direction keys forcommunicating direction information and command selections to theprocessor 305 and for controlling cursor movement on the display 313. Inaddition, a printer may provide printed listings of the data structuresor any other data stored and/or generated by the processor 500.

[0131] The processor 500 performs a portion or all of the processingsteps of the invention in response to the processor 305 executing one ormore sequences of one or more instructions contained in a memory, suchas the main memory 307. Such instructions may be read into the mainmemory 307 from another computer-readable medium, such as a storagedevice 311. One or more processors in a multi-processing arrangement mayalso be employed to execute the sequences of instructions contained inthe main memory 307. In alternative embodiments, hard-wired circuitrymay be used in place of or in combination with software instructions.Thus, embodiments are not limited to any specific combination ofhardware circuitry and software.

[0132] As stated above, the processor 500 includes at least one computerreadable medium or memory programmed according to the teachings of theinvention and for containing data structures, tables, records, or otherdata described herein. Stored on any one or on a combination of computerreadable media, the present invention includes software for controllingthe processor 500, for driving a device or devices for implementing theinvention, and for enabling the processor 500 to interact with a humanuser. Such software may include, but is not limited to, device drivers,operating systems, development tools, and applications software. Suchcomputer readable media further includes the computer program product ofthe present invention for performing all or a portion (if processing isdistributed) of the processing performed in implementing the invention.

[0133] The processor 500 is also configured to perform an investmentmanagement function. In one instance, the processor 500 serves as amutual fund portfolio management mechanism that keeps track ofcontributions (money or potential energy assets) from differentinvestors, that have a monetary value. The processor 500 then assignsshares to the respective investors based on the amount of theircontributions. With the pooled contributions, the processor 500 thenpurchases a portfolio of power units, for delivery at different times.Power units purchased on behalf of the mutual fund may be offered forsale on the renewable exchange, or via bilateral contracts with otherpurchasers. Whether purchased prior to a delivery date, or delivered tothe power grid at the appropriate delivery date, the processor 500 keepstrack of remuneration received in return for relinquishing ownership ofthe power unit or delivering the power unit to the power grid.Subsequently, the processor 500 distributes the remuneration among theoutstanding shares, such that each share has a market value thereofadjusted based on the revenue received from the sale or delivery of thepower unit. Calculation of factors such as profits, losses, and taxliability from a portfolio or group of funds is known, for example, fromU.S. Pat. No. 5,193,056, the content of which is incorporated herein byreference.

[0134] The processor 500 may also be used as a mechanism for helping tomanage an investment portfolio of renewable power production facilities.As in the case above, where power units are bought and sold/delivered,investors also provide contributions and are assigned shares. However,the assets that are purchased are not power units, but rather therenewable power production facilities themselves. The capital acquiredfrom the contributions is used to purchase a predetermined number ofrenewable power production facilities, and to operate the facilities.Power units produced from the renewable power production units are sold,stored in a virtual energy storage facility, or delivered as part of adelivery contract. Remuneration received for the power units isdistributed (apportioned) amongst the outstanding shares.

[0135] The computer code devices of the present invention may be anyinterpreted or executable code mechanism, including but not limited toscripts, interpretable programs, dynamic link libraries, Java or otherobject oriented classes, and complete executable programs. Moreover,parts of the processing of the present invention may be distributed forbetter performance, reliability, and/or cost.

[0136] The term “computer readable medium” as used herein refers to anymedium that participates in providing instructions to the processor 305for execution. A computer readable medium may take many forms, includingbut not limited to, non-volatile media, volatile media, and transmissionmedia. Non-volatile media includes, for example, optical, magneticdisks, and magneto-optical disks, such as the storage device 311.Volatile media includes dynamic memory, such as the main memory 307.Transmission media includes coaxial cables, copper wire and fiberoptics, including the wires that comprise the bus 303. Transmissionmedia may also take the form of acoustic or light waves, such as thosegenerated during radio wave and infrared data communications.

[0137] Common forms of computer readable media include, for example,hard disks, floppy disks, tape, magneto-optical disks, PROMs (EPROM,EEPROM, Flash EPROM), DRAM, SRAM, SDRAM, or any other magnetic medium,compact disks (e.g., CD-ROM), or any other optical medium, punch cards,paper tape, or other physical medium with patterns of holes, a carrierwave, carrierless transmissions, or any other medium from which a systemcan read.

[0138] Various forms of computer readable media may be involved inproviding one or more sequences of one or more instructions to theprocessor 305 for execution. For example, the instructions may initiallybe carried on a magnetic disk of a remote computer. The remote computercan load the instructions for implementing all or a portion of thepresent invention remotely into a dynamic memory and send theinstructions over a telephone line using a modem. A modem local tosystem 301 may receive the data on the telephone line and use aninfrared transmitter to convert the data to an infrared signal. Aninfrared detector coupled to the bus 303 can receive the data carried inthe infrared signal and place the data on the bus 303. The bus 303carries the data to the main memory 307, from which the processor 305retrieves and executes the instructions. The instructions received bythe main memory 307 may optionally be stored on a storage device 311either before or after execution by the processor 305.

[0139] The processor 500 also includes a communication interface 319coupled to the bus 303. The communications interface 319 provides atwo-way data communication coupling to a network link 321 that isconnected to a communications network 323 such as a local network (LAN)or personal area network (PAN) 323. For example, the communicationinterface 319 may be a network interface card to attach to any packetswitched enabled personal area network (PAN) 323. As another example,the communication interface 319 may be an asymmetrical digitalsubscriber line (ADSL) card, an integrated services digital network(ISDN) card, or a modem to provide a data communication connection to acorresponding type of communications line. The communications interface319 may also include the hardware to provide a two-way wirelesscommunications coupling other than a wireless coupling, or a hardwiredcoupling to the network link 321.

[0140] The network link 321 typically provides data communicationthrough one or more networks to other data devices. For example, thenetwork link 321 may provide a connection through a LAN to a hostcomputer 325 or to data equipment operated by a service provider, whichprovides data communication services through an IP (Internet Protocol)network 327. Moreover, the network link 321 may provide a connectionthrough a PAN 323 to a control device 353 facility that communicateswith an electrical energy production facility 352 that provides power tothe grid 357. The LAN/PAN communications network 323 and IP network 327both use electrical, electromagnetic or optical signals that carrydigital data streams. The signals through the various networks and thesignals on the network link 321 and through the communication interface319, which carry the digital data to and from the processor 500, areexemplary forms of carrier waves transporting the information. Theprocessor 500 can transmit notifications and receive data, includingprogram code, through the network(s), the network link 321 and thecommunication interface 319.

[0141] The processor 500 in the premier power facilities 505 thuscontrols the priming energy source, which is the prime mover and the xMin the example shown in FIG. 10 and/or external sources so as tosupplement the output power from the wind turbines when a lull in windactivity prevents the wind turbines from generating a sufficient amountof output power. The processor 500 also controls start-up procedureswhere the prime mover may be used to excite the xM to produce sufficientpower, thus reducing the possibility that a harmonic-rich transient isapplied to the transnational grid. The output power from the premierpower facilities 505 is monitored by the processor 500 which cancoordinate activities between locally generated power and virtual energystorage facilities that may be used to supplement power output from thepremier power facilities 505. Furthermore, the processor 505 alsohandles fault procedures so as to be considered by system operators asbeing on equal footing with power that is provided from these othersources. One such fault procedure is to be able to provide a sufficientamount of current to trip circuit breakers used for protecting thetransnational grid. In one embodiment in order to provide a high shortcircuit power level, the active power from the prime mover may beadjusted by charging a top setting on a power transformer.

[0142] FIGS. 12-18 show different data structures for messages used invarious methods described in flowcharts of FIGS. 20-33.

[0143]FIG. 12 is a data structure for a message format for a signal thatis sent from a wind turbine operator from the processor in the premierpower facilities 505 when offering a predetermined amount of power as apower unit at a predetermined period of time. The offer is made, inreference to FIG. 5, on a renewable exchange 507. As previouslydiscussed with regard to Nord Pool, forward contract bids are providedfor units of power at some time in the future, for predetermined levelsand for predetermined periods of time. The present message indicates thepredetermined period of time and produces a power quantity in the singlemessage as shown in FIG. 12, along with a statistical indicator, derivedfrom meteorological data and past performance data so as to indicate alikelihood of actually providing that quantity of power. As previouslydiscussed, with renewable energy sources such as wind power it is astochastic process with regard to the actual amount of power that isproduced, depending on the wind speed from time to time. The statisticalindicator is provided by the meteorological data source/service 513,which either is in the form of data and then interpreted by theprocessor 500 so as to provide a statistical indicator, oralternatively, the data is provided on a wind farm-by-wind farm basis asa meteorological data service. In the present embodiment, the message issent in the form of an Internet protocol message to the renewable powerexchange 507.

[0144] The renewable power exchange is hosted on a secure Internet link,where a web interface is provided by the processor 500 addressing a URLover the Internet to the renewable power exchange web connection. Theconnection between the processor 500 and renewable power exchange 507,is known, as is described on pages 1-40, and 122-166 of Gralla, P., “Howthe Internet Works”, Que, August 1999, ISBN 0-7897-2132-5, the entirecontents of which being incorporated herein by reference. Furthermore,the link may be a secure link such as by way of a virtual privatenetwork and also may use encryption schemes so as to verify andauthenticate different users who are authorized to use the system.Various safeguarding techniques including the use of fire walls,cryptography such as RSA cryptography and the like is found in pages270-304 of Gralla. An operator of the processor 500 may receivecontinual bid streams from the renewable power exchange 507, by therenewable power exchange website downloading Java, Java Script orActiveX files to the processor, so as to provide active content to theoperator when considering bid and offer prices for particular renewablepower units that are for sale. Furthermore, in one embodiment theprocessor 500 updates its message as shown in FIG. 12, to indicate thatthe meteorological data source/service 513 has updated the statisticalindicator, thus increasing or decreasing the likelihood that theparticular wind turbine would be able to produce a predeterminedquantity of produced power.

[0145]FIG. 13 is another data structure for a message that is sent fromthe processor 500 or another market participant in the renewable powerexchange 507, where a particular hybrid power unit is offered for salefor a particular power quantity (denomination), time period and offerprice. The power unit may provide an indication that the type of powerunit includes a “green” component, thus offering a premium over othertypes of power. The fields in the message shown in FIG. 13 include apower unit ID, quantity of power produced, time period and offer price.The type of power included in the power unit may include a primarycomponent of wind power generated electricity, although supplemented or“guaranteed” by a virtual energy storage device in which the offerer ofthe power unit has a contractual agreement so as to be able to reliablyprovide the power if requested to do so or are contractually obligatedto do so.

[0146]FIG. 14 is a data structure with fields of a message that is usedby market participants in the renewable power exchange 507. The datafields include a power unit ID, quantity of produced power, time periodand price. If the price equals the offer price, an agreement is made atthe renewable power exchange 507 and both market participants (theofferer, as well as the seller of the power unit) are notified by way ofE-mail (or other communication mechanism such as by the postal serviceor telephone) informing the parties that the agreement has been made.Once made, the purchaser is provided with the data regarding the saleand the offerer identifies the time period in which the offerer isrequired to deliver the power to the grid. After the offerer indicatesthat the power has been delivered according to the contract, the windpower provider provides a reporting message to the original purchaser ofthe wind power unit so that the purchaser is made aware of the fact thatthe contractual obligation has been met.

[0147] The data structure shown in FIG. 15 is like that shown in FIGS.13 and 14, although it includes the actual sale price of the power unitthat has been guaranteed by way of a virtual energy storage facility.One would expect that the price offered for a guaranteed power unit isgreater than that for a power unit including a green power componentthat is not guaranteed.

[0148]FIG. 16 is a data structure corresponding with a messageindicating that the guaranteed power unit was in fact delivered andincludes data fields including the quantity of delivered power as wellas confirmation of delivery.

[0149]FIG. 17 is a data structure of a digital message provided by theprocessor 500 which identifies an amount by which a voltage is below apredetermined threshold to be output by a wind farm operator (such as inthe case of FIG. 10). In association with that amount of voltagethreshold a corresponding tap setting or voltage control mechanism forthe xM or transformer mechanism is stored in association therewith.Accordingly, when the processor 500 indicates that the output voltagehas dropped below a predetermined threshold, a corresponding controlsignal may be formed by identifying the corresponding tap setting thatmay be needed to increase the voltage compensation by way of the xM ortransformer, or other corrective action such as by exciting the xM so asto supplement the power to continue to make the power premium power inthe event of a wind lull.

[0150]FIG. 18 is a data structure for a message sent between theprocessor 500 and one or more of the priming sources 511 ₁ or 511 _(N)as shown in FIG. 10. The purpose of this message is to indicate to thepriming sources 511 ₁, 511 _(N) that the wind turbines have in factproduced a predetermined amount of power and identify the time periodover which the power was provided. In this way, the priming sources 511₁ and 511 _(N) may for planning purposes be able to determine the levelof output power that they need to produce in order to comply withbudgeting optimization purposes.

[0151]FIG. 19 is a block diagram like that shown in FIG. 6 although itincludes additional features to show that the system according to thepresent invention is scalable to incorporate control operations for anumber of different generation facilities. For example, in FIG. 19 ascalable processor 1905 performs similar functions to that provided bycontrol center processor 500 and in fact may be parallel processor, or aredundant processor so as to support the operations performed by thecontrol center processor 500. Like with the control center processor500, the scalable processor 1905 receives meteorological source andservice information from a mechanism 1903 and uses the same tocoordinate with renewable energy control center processor 500controlling the distribution and coordination of distributed assets frommultiple generation facilities, which in turn feed power to substations,distribution grids and specific industrial commercial loads as shown.The power system operation management mechanism 1901 providescommunications to the scalable processor 1905 by way of proprietaryand/or virtual private network, and secure communications by way of therenewable energy control center processor 500. A local bus interconnectsthe scalable processor 1905 with the control center processor 500 asshown.

[0152]FIG. 20 is a flowchart describing a method for creating premierpower from a wind turbine facility according to the present invention.The process begins in step S2001 where a wind turbine electric powerproduction facility produces a time-varying output power. The processthen proceeds to step S2001 where the output voltage (or alternativelythe reactive power) can be determined to be above or below apredetermined level. This voltage determination may be made over apredetermined period of time such as one second, one minute, 10 minutesor greater. If the response to the inquiry in step S2003 is affirmative,the process proceeds to step S2005 where the control center processorprovides a control signal to the voltage compensation mechanism that isconnected between the inverter output of the wind turbine facility andthe power grid. The process then proceeds to step S2007 where the changein a tap setting of the voltage compensation mechanism is actuated, oradditional power is generated perhaps from the xM device in analternative embodiment. A further alternative embodiment is to useenergy that has been stored at a virtual energy storage mechanism suchas a hydroplant that has relationship with the wind power provider. Inthis way, the composite power produced from the wind power facility andthe virtual energy storage facility is made to provide the voltagenecessary to support contractual requirements.

[0153] The process proceeds to step S2009 which provides power to thevoltage compensation mechanism from the power release device whichincludes either the xM, compressed air system (CAES), battery, fuelcell, hydro or some other combustible fuel source. The process thenproceeds to step S2011 where a determination is made regarding whetherauxiliary power is still required. If the response to the inquiry instep S2011 is affirmative, the process returns to step S2009 whereadditional power is released. If the response to the inquiry in stepS2011 is negative, the process proceeds to step S2013 where the processimplemented in step S2007 or S2009 is removed so that all the power isprovided by the wind turbine generation unit. Subsequently the processends.

[0154] If the response to the inquiry in step S2003 is negative, theprocess proceeds to step S2015 where a determination is made regardingwhether a fault is detected in the power grid. If the response to theinquiry in step S2015 is negative, the process returns to step S2003.However, if the response to the inquiry in step S2015 is affirmative,the process proceeds to step S2017 where the premier power facilityproduces a sufficient short circuit power to the grid connection so asto provide sufficient current to trip a circuit breaker, thusdisconnecting the structure from the power grid and preventing anydamage. After step S2017, the process returns to step S2003.

[0155]FIG. 21 is a flowchart showing a method for virtually storingelectric power generated from wind turbines. The process begins in stepS2101 where the electric energy is generated from a wind turbinefacility (such as a single wind turbine facility or a farm of windturbines). The process then proceeds to step S2103 where premier poweris produced from the generated electric energy. The process thenproceeds to step S2015 where an inquiry is made regarding whether thewind operator opts to sell power for immediate use on the grid. If theresponse to the inquiry in step S2105 is affirmative, the processproceeds to step S2107 where the operator delivers the power andreceives money from the system operator for providing that power. Theprocess then returns to step S2101. However, if the response to theinquiry in step S2105 is affirmative, the process proceeds to stepS2109. In step S2109 the operator of the wind turbine facility contactsan existing power provider with an offer to substitute wind generatedelectric power for power that would otherwise be provided to theexisting power provider.

[0156] After the wind turbine operator has contacted the existing powerprovider, the process proceeds to step S2111 where the existing powerprovider proposed restrictions and conditions on when the provider ofthe wind generated power can demand a release of “virtually stored”energy. The reason why the existing power provider would poserestrictions on the release of this energy is that the existing powerprovider has made its own optimization plan for reserved energy sourcesfor release at predetermined times during the year. For example, anexisting power provider would in all likelihood not be willing to allowa wind turbine operator to withdraw the last 10% of the hydro reserve ifthe existing power provider had unforeseen unforecasted and unplannedwater reserves at that particular time during the year.

[0157] After step S2111 the process then proceeds to step S2113 where aninquiry is made regarding whether the existing power provider and theoperator of the wind turbine facility reach agreement. If the responseto the inquiry in step S2113 is negative, the process proceeds to stepS2115 where the wind turbine operator finds an alternative powerprovider to serve as a virtual energy storage facility. Once agreementis reached, the process ends.

[0158] If the response to the inquiry in step S2113 is affirmative, theprocess proceeds to step S2117 where the wind turbine generated power isapplied to the grid and a corresponding amount of power from existingpower provider is not generated at that particular time. Rather, thepotential or chemical energy stored in a virtual energy storage plantfor generating power at a later time is preserved, which in the case ofthe hydroelectric plant, would mean that the water that would otherwisebe used to generate a predetermined amount of power would not be used toturn a hydro turbine. After step S2117, the process proceeds to stepS2119 where the wind generated power provider directs an existing powerprovider to convert the virtual energy stored on behalf of the providerof the wind power into electrical energy. The process then proceeds tostep S2121 where the existing power provider releases the virtual energyso as to produce requisite power for meeting the wind turbine operator'senergy requirements, and then the process ends.

[0159]FIG. 22 is a flowchart of a method employed in an Internet-basedsecure form for providing virtual energy storage trading of renewableenergy resources. The process begins in step S2001 where anadministrator, or owner, of a participant in a renewable trading marketidentifies an address such as a URL or IP address of one or a group ofcandidate existing providers. Alternatively, the address identified maybe that of a URL of a website hosted by a renewable power exchangewebsite that may be hosted by the control center processor 500 (FIG. 5).The process then proceeds to step S2203 where the operator of therenewable power exchange (automatically or manually) determines whetherthe wind provider or agent is approved for offering for sale or eventrading on the renewable power exchange. Only predetermined entities whoare licensed or otherwise agreed upon as being viable trading entitiesare authorized to trade on the renewable power exchange 507. The processthen proceeds after authentication to step S2205 where a message isformed, either digitally, analog or a hybrid message (digital and analogor some hybrid combination) so as to indicate the amount of power,amount of time and user code of the wind generated power system thatrequests “virtual energy” storage. The process then proceeds to stepS2207 where an inquiry is made regarding whether there is an acceptanceof the virtual storage from existing providers or approved brokers. Ifthe response to the inquiry in step S2207 is negative, the processproceeds to step S2213 where the wind generated power provider can lowerthe asking price in step S2213 and the process returns to step S2207.After acceptance the process proceeds to step S2209 where thetransaction is assigned by the renewable power exchange mechanism atransaction ID to the agreed upon power substitution. Once again, thispower substitution is an agreement between the wind power provider andthe virtual energy storage provider for the wind power provider toprovide a predetermined amount of energy to the power grid in agreementat a certain time, in substitution for an obligation provided by theexisting provider, who has a present obligation to provide apredetermined amount of power to the power grid. After assigning thetransaction ID, the process proceeds to step S2211 where a record isrecorded manually on a computer readable medium that indicates an amountof “energy” that is held on account of the wind power provider.Subsequently the process proceeds to step S2215 where the wind powerprovider requests to “withdraw” a certain amount of the virtual energythat is stored on the account of the wind power provider. If theresponse to the inquiry in step S2215 is negative, the process ends. Onthe other hand, if this response to the inquiry in step S2215 isaffirmative, the process proceeds to step S2217 where the existing powerprovider or agent actually delivers the power to the grid and then instep S2219 debits the wind generated power provider's account held inmemory and subsequently the process ends.

[0160]FIG. 23 is a flowchart describing a process for priming powerbefore delivery to the power grid. The process begins in step S2301where the electrical power is generated from a wind turbine energygeneration facility. The process then proceeds to step 2303 where anoperator of the wind turbine facility executes a contract on arenewables exchange for delivering a unit of premier power, which ishandled on an exchange basis and on delivery basis just as if it werefrom another type of electrical power generation facility. The processthen proceeds to step S2305 where the wind turbine provider obtains orsecures rights of transfer access for delivering electric power to thegrid in the region that is required by the purchaser of the premierpower unit. It should be noted that the unit of premier power mayinclude a unit of power that at least includes a portion is generatedfrom a wind turbine facility, and may include additional power from alocal xM device, or a virtual energy storage device. The process thenproceeds to step S2307 where the seller of the premier power unitexecutes a contract on a power exchange with a purchaser of the unit ofpremier power.

[0161] Subsequently the process proceeds to step S2309 where the windturbine operator, by way of the processor, controls an actuation ofsupplementing the power generated by the wind turbine device by usingshort-term energy from a compressed air storage device and/or with a xMdevice having a prime mover so as to provide short-term stability. Theprocess then proceeds to step S2311, where for a longer term usage thepower from the wind turbine operation is supplemented in a longerduration using virtual energy storage that has been accumulated onbehalf of the wind turbine operator. Alternatively, the wind turbineoperator may contract for purchasing power from a virtual energy storagefacility without having included an existing account with that serviceprovider, but rather just purchases the power so as to supplement thewind turbine generated power. The process then proceeds to step S2113where the power provided from the premier power provider is supplied tothe grid, and perhaps as supplemented by the virtual energy storagefacility. Subsequently in step S2315 the amount of power that isprovided to the grid from the wind storage generation facility ismeasured and reported so that an accurate accounting may be made of theenergy. Subsequently, the process ends.

[0162]FIG. 24 is a flowchart describing a process for linking a windturbine electrical power production facility with an alternative energyproduction facility so that shortfalls or surpluses provided by the windturbine may be compensated for directly in real time with thealternative energy production facility. A description of such anoperation may exist like that shown in FIG. 5 where the premier powerfacility 505 uses the control processor 500 to coordinate withhydroelectric plant 511 or even thermoelectric plant 515. The processbegins in step S2401 where the electric power is generated from the windturbine based production facility. The process then proceeds to stepS2403 where the power is converted to premier power, and then theprocess proceeds to step S2405 where an amount of electrical powerprovided to the grid is monitored.

[0163] In step S2407 an inquiry is made regarding whether the electricalpower as monitored is greater than, less than, or equal to a predictedamount of electrical power. If the response to the inquiry in step S2407is equal the process returns to step S2405 as part of a control loop.However, if the response to the inquiry in step S2407 indicates that theelectrical power is above or below a predetermined electric power level,the process continues to step S2409 where a control message is sent tothe alternative energy production facility. An inquiry is made in stepS2411 so as to identify whether the shortfall or surplus is within theproduction dynamic range of the alternative energy production facility.For example, it may be that the requested amount of power from the windturbine production facility is greater than that which can be producedby the alternative energy production facility. If the shortfall orsurplus is not within the production range, then the process proceeds tostep S2413 where a second control signal is sent to yet another facilityso as to offset the residual surplus, or shortfall, that was outside theproduction range of the alternative energy production facility.Subsequently, the process proceeds to step S2415, which is also the nextprocess step if the inquiry in step S2411 is determined to beaffirmative. In step S2415 the amount of energy production is adjustedso as to offset the shortfall/surplus from the wind turbine energyproduction facility and then the process for the control loop isrepeated in step S2417.

[0164] In order to implement the control loop in the process of FIG. 24,the control center processor 500 coordinates activities by way of adedicated link between the premier power facilities 505 and thehydroelectric plant 511 would include a similar processor. For examplethe hydroelectric plant 511 would include a control processor, that uponindication from the premier power facilities that the output powerproduction level is below a certain level, the message from the controlcenter processor 500 is sent to the hydroelectric plant 511 so that theprocessor contained therein can adjust the flow gates in thehydroelectric plant. This control is done in real time so that the anaccurate balance is made between the hydroelectric plant 511 and thepremier power facilities 505. Thus, the aggregate output powerproduction between the two facilities equals the contractually obligatedpower production requirements for the two facilities, albeit perhaps notin the same proportions that the two facilities had originallycontracted to provide. In this way, the hydroelectric plant 511 willreceive some leeway to use its reserved hydro assets. Currentoptimization programs are based on meteorological predictions forrelatively long time periods, based on the seasonal use of hydroresources. Thus, adjustments may be needed if the hydro resources areeither used at a lesser rate than what was originally planned for, or atan increase rate depending on the demands and predictions of how muchelectrical power is produced by the wind turbine facility with which ithas a contractual agreement.

[0165] It should be noted that the process employed in FIG. 24 need notbe performed by separately owned entities, but rather can be implementedby a single power production facility that incorporates both a renewableenergy source such as a wind turbine energy production facility or solarenergy based electrical production facility in cooperation with thehydroelectricity plant or the like.

[0166]FIG. 25 is a flowchart showing how the control center processor500 is used to control an amount of reactive power provided from the xMdevice (see, e.g., FIG. 10) or other compensation device employed in theco-active converter so as to adjust an amount of reactive powerrequested by a system operator. The process begins in step S2501 where amessage or request is received by a system operator to adjust an amountof reactive power provided to the grid. The process then proceeds tostep S2503 where the processor generates a control command to besupplied to the xM device (or other compensation device employed by theco-active generator) so as to adjust an amount of reactive power for oneor more of associated wind turbines that are coupled to the co-activegenerator that employs the xM device, or other compensator. The processthen proceeds to step S2505 where an amount of reactive power in the xMdevice is provided based on the requested amount of reactive power.Subsequently the process ends.

[0167]FIG. 26 is a flowchart of a method for guaranteeing a “powerunit”, at least a fraction of which is generated from a wind turbineelectrical power production facility. The process begins in step S2601where an operator or trader offers for sale a unit of power to beprovided by a wind turbine electrical power production facility in avirtual market. The process proceeds to step S2603 where the processor500 forms a notice message that includes an identifier field thatidentifies the wind turbine facility, an indication of an amount of theportion of the power output (e.g., all the power produced), and a timeperiod for which the portion of power output is offered for sale. A datastructure for this message format is seen in FIG. 18 for example.

[0168] Once the notice message is formed, the process proceeds to stepS2605 when an inquiry is made regarding whether a bidding exchangeprocess will be used for selling the unit of power. If the response tothe inquiry is negative, the process proceeds to step S2621 where athird party allocates a budgeted amount of power from another source ifthe wind turbine has a shortfall so as to compensate for the shortfallfrom that wind power facility. The process then proceeds to step S2623where an inquiry is made regarding whether the budgeted amount of poweris legally accessible by the third party. If the response to the inquiryis negative, the process proceeds to step 2607 as will be discussedbelow. However, if the response to the inquiry in step S2623 isaffirmative, the process proceeds to step S2617 where the unit of windturbine generated electric power is resold as a “guaranteed” power unit.The “guaranteed” power unit is a hybrid unit of power that at leastincludes wind generated electric power that if is insufficient at thetime of delivery, is supplemented with a contractual obligation forenergy to be supplied from another power production facility. Theprocess then proceeds to step S2619 where the required unit of power isdelivered at a designated time before the process ends.

[0169] If the response to the inquiry in step S2605 is affirmative, theprocess proceeds to step S2607 where the control center processor 500generates a statistical indicator regarding a likelihood that the poweroutput from the wind turbine facility will be deliverable at theappointed time. This statistical indicator is included in a messagehaving data fields like that shown in FIG. 12. The process then proceedsto step S2609 where an offer price is identified for the power outputfrom the wind turbine identifier, the statistical indicator and the timeperiod indicated in the message. The process then proceeds to step S2611where an inquiry is made regarding whether the purchaser of the powerfrom the wind turbine facility wishes to purchase an option from theexchange so as to guarantee the delivery of the power unit at theappointed period of time even if the wind turbine generation facilitycannot produce the entire unit of power. If the response to the inquiryin step S2611 the process proceeds to step S2613 where a third party isapproached to enable the purchase of an option for power from analternative source if the wind turbine in fact has a shortfall at thetime of delivery. Subsequently, the process proceeds to steps S2617 andS2619 as previously discussed. However, if the response to the inquiryin step S2611 is affirmative, the process proceeds to step S2615 or anoption is purchased from the exchange. Subsequently, the process endsafter performing steps S2617 and S2619 as previously discussed.

[0170]FIG. 27 is a flowchart describing a process for initiating andoperating a renewable exchange. The process begins in steps S2701 wherean offer for sale of wind turbine generated electric power is receivedfrom a particular wind turbine electric power generation facility. Theoffer of sale includes a particular time duration as well as an amountof power. The process proceeds to step S2701 where a meteorologicalreport is prepared from meteorological sensor data and meteorologicalforecasting data. The report enables the prediction of a statisticaldescription of the likelihood of actually delivering the expected windpower unit during the time duration. The process then proceeds to stepS2705 where an estimated amount of electrical power generated from thewind speed is calculated with a particular statistical confidencemeasure. Also, an expected value of the wind turbine power is calculatedbased on the confidence measure. Furthermore, an expected transferaccess fee is also identified so as to provide a basis set of fees andexpected values for delivering a unit of power to the power grid.

[0171] In step S2707, either the option price or a cost of a futurescontract for an alternative source of power is identified during theparticular times when the wind power is to be delivered to the grid. Theoption price and the futures contract are identified in case the windturbine is not driven with sufficient speed so as to create the windpower needed to provide the unit of power originally obligated. Theprocess then proceeds to step S2709 where a message is transmitted fordisplay to an operator that presents the offer and expected wind powerunit with the statistical confidence measure in the renewable exchangeforum, which in the present embodiment is a website, although it shouldbe recognized that other forums may be used as well, including a securenetwork of computers linked to one another with a defined protocol forexchanging bid and ask prices on units of power. After step S2709, theprocess proceeds to step S2713 where an inquiry is made regardingwhether there has been a request for the expected value of wind power.If the response to the inquiry in step S2713 is affirmative, the processproceeds to step S2715 where the expected value is sent to the requesterand then the process proceeds to step S2711, which is the same step thatwould be performed if the response to the inquiry in step S2713 isnegative.

[0172] In step S2711 options for different amounts of power fromalternative power sources are presented for purchase. The process thenproceeds to step S2717 where an inquiry is made regarding whether a bidhas been made on the wind power unit. If the response is negative, theprocess ends. On the other hand, if the response to the inquiry in stepS2717 is affirmative, the process proceeds to step S2719 where anotherinquiry is made regarding whether there has been a purchase of one ofrelated options. If the response to the inquiry is negative, the processends. On the other hand, if the response to the inquiry in step S2719 isaffirmative, the process proceeds to step S2721 where another inquiry ismade regarding whether the operator wishes to resell the wind power unitwith an option associated therewith. If the response to the inquiry isnegative, the process ends. On the other hand if the response to theinquiry in step S2721 is affirmative, the process proceeds to step S2723where a message is sent to the power exchange broker indicating thatthere is a guaranteed power unit including both wind generated powerbacked-up by power from an alternative energy production facility.

[0173]FIG. 28 is a flowchart that describes how various power resourcesand investment funds may be aggregated through the use of communicationlinks and through a trading exchange according to the present invention.The process begins in step S2801 where “virtual energy” storage assetsare aggregated with one another in an account so as to form discreteenergy denominations. The process then proceeds to step S2803 where abudget analysis is performed to determine energy obligations over apredetermined period of time for a particular energy provider for thepower grid. The process then proceeds to step S2805 where an inquiry ismade regarding whether there is an excess of virtual energy available ata predetermined period of time. If the response to the inquiry in stepS2805 is affirmative, the process proceeds to step S2807 where anestimate of the time value of the virtual energy is made. The processthen proceeds to step S2809 where an offer price is set for availabledenominations and then in the inquiry in step S2811, it is determinedwhether the offer price is less than or equal to the bid price. If theresponse to the inquiry is negative, the process proceeds to step S2815where the virtual energy is held in account for later use or sold at alater time. On the other hand, if the offer price is less than or equalto the bid price, a determination is made in step S2813 to sell thedenomination of power at this time and the process proceeds to stepS2827 where the provider of the purchased energy denomination providespower to the grid at the appropriate time and then in step S2829 thepurchaser provides remuneration to the provider of the purchased energybefore the process ends.

[0174] On the other hand, if the inquiry in step S2805 is negative, theprocess proceeds to step S2819 where an inquiry is made regardingwhether the energy that is available for another affiliated powergeneration resource exists. If the response is affirmative, a messagecoordination is made with the affiliate so as to make up for theshortfall using internal accounting measures and then the process ends.On the other hand if the response to the inquiry in step S2819 isnegative, the process proceeds to step S2821 where another inquiry ismade regarding whether offers are available for a needed amount ofpower. If the response to the inquiry in step S2821 indicates that thereis an offer available for the needed amount of power, the processproceeds to step S2825 where the sufficient amount of energy in thepredetermined amount of denominations is purchased so as to meet theshortfall. The process then proceeds to step S2827 and subsequentlyS2829, which were previously discussed. However, if the response to theinquiry in step S2821 is negative, the process proceeds to step S2817where an increase in the bid is made until sufficient energydenominations are satisfied to meet the obligations. Subsequently, theprocess proceeds to steps S2827 and S2829 as previously discussed beforethe process ends.

[0175]FIG. 29 is a flowchart describing a process for obtaining transferassets which may be needed to coordinate energy “substitution”operations with a virtual energy storage unit and a wind turbineelectrical power production facility. The process begins in step S2901where an agreement is identified between an owner or agent of a windturbine power facility and an alternative power producer. After theagreement is made, the process proceeds to step S2903 where the locationof the alternative power producer is identified. The process thenproceeds to step S2905 where a physical path over a grid (perhapsincluding a distribution or collection grid) is identified, for deliveryof power from the wind turbine facility to the location of thealternative power producer, or vice versa. Subsequently the processproceeds to step S2907 where an inquiry is made regarding whether accessrights exist for the transfer of power across those facilities. If theresponse to the inquiry in step S2907 is affirmative, the processproceeds to step S2911 where the electrical power is supplied to thetransmission and distribution grid before the process ends. However, ifthe response to the inquiry in step S2907 is negative, the processproceeds to step S2909 where a contract is let so as to secure accessrights before the power is passed over the necessary path portion of thegrid before continuing to step S2911 and concluding the process.

[0176]FIG. 30 is a flowchart that describes whether, in the context of avirtual forum for implementing the renewables exchange, sufficient fundsare available for authenticating whether transactions may be financiallybacked or not. The process begins in step S3001 where accounts areestablished for different members of the renewable exchange. The processthen proceeds to step S3003 where a message is received indicating thata transaction request has been made by one of the market participants inthe renewables exchange. The process then proceeds to an inquiry in stepS3005 requesting whether there are sufficient funds and/or resourcesavailable to cover the proposed transaction. If the response to theinquiry in step S3007 is negative, a message is issued to the requesterindicating that there are insufficient resources to transact the deal.On the other hand if the response to the inquiry in step S3005 isaffirmative, a message indicating that sufficient resources exist and instep S3011 the transacting parties have their respective accountsdebited or credited depending on whether they are a buyer or a seller ofthe particular power unit.

[0177]FIG. 31 is a flowchart describing a method for tracking costs forparties who participate in a renewable exchange or use a virtual energystorage facility to supplement the output electric power from a windturbine electric power production facility. The process begins in stepS3101 where an inquiry is made regarding whether the unit of wind poweris being offered for sale. If the response to the inquiry is negative,the process returns. On the other hand if the response to the inquiry isaffirmative, the process proceeds to step S3103 where an estimate ismade whether the fixed costs is less the expected value of the windpower. Steps in this process include identifying the transmission anddistribution assets required to deliver power from the wind turbineelectrical power production facility to predetermined locations on thegrid. Also included are the identification of fees associated with usingthe transmission and distribution assets, as well as determiningtransaction costs. Furthermore, a determination is made regarding theprice of an options contract to “guarantee” the delivery of the powerunit, recognizing that the reliability of delivering power unit from awind turbine based system is based on a stochastic process.

[0178] After the costs are estimated in step S3103, the process proceedsto step S3105 where a particular wind power unit is purchased along withan option so as to guarantee the adequacy of the power provided by theunit of power that is based at least in part on the wind turbine powerproduction facility. The process then proceeds to step S3107 where theunit of power is sold on the power exchange as a guaranteed unit, suchas that which is offered by way of a fossil fuel electrical powerproduction facility. The process then proceeds to step S3107 where thepower is delivered from the wind turbine via predetermined transmissionand distribution assets. Subsequently, in step S3109 the transfer feesare remitted with a reporting message from the seller of the power unitor a delegated power to a treasury function of the respectivetransmission and distribution assets that were actually used.Subsequently the process ends.

[0179]FIG. 32 is a flowchart describing a method for investing formultiple people in power units that include at least a predeterminedamount of power produced from a wind turbine electric power productionfacility. The process begins in step S3202 where the investor logs ontoa renewable exchange or perhaps a broker for the investor logs onto therenewable exchange. The process then begins to step S3203 where theinvestor/broker is able to view “open contracts” for purchasing sharesand “guaranteed” wind power units. The process then proceeds to stepS3205 which enables the investor/broker to select a predetermined numberof shares in the “guaranteed” wind power units. Each share covers only afraction of ownership for a group (one or more) guaranteed wind powerunits. Subsequently the process proceeds to step S3207 where theinvestor/broker is able to view and use a risk assessment tool thathelps assess the financial risk associated with investing a selectednumber of shares. The tools provide an expected value of the wind powerproduced electricity and statistical estimation of the fluctuationstherein for that predetermined period of time. Meteorological data inthe present document should be interpreted herein to include thepredicted wind power produced electricity. It should also be understoodthat the sensor data, and or partially analyzed meteorological data maybe used in other processor-based methods and systems according to thepresent invention to provide the corresponding prediction of the amountof wind power produced electricity. Furthermore, the tool provides acurrent price of the options available for guaranteeing the wind power.Based on this estimated risk, the investor/broker is able to make areasonable determination as to whether the value of the wind power unitis believed to be warranted in view of the expected cost and thelikelihood of delivery of that particular wind power unit.

[0180] The tools for forecasting wind speed (or another energy source,such as ocean current) employ Multivariate data analysis, and/or neuralnetworks and/or Fuzzy Control methods and mechanisms.

[0181] After assessing the risks associated with purchasing the windpower unit, the process proceeds to step S3209 where an inquiry is maderegarding whether shares were actually purchased. If the response to theinquiry is negative, the process ends. However if the response to theinquiry in step S3209 is affirmative, the process proceeds to step S3211where the investor/broker remits a payment and the investor's/broker'saccount is subsequently debited. The process then proceeds to step S3213where the unit of power which is now “guaranteed” by way of an optionfor purchasing power sold on the power exchange. The process thenproceeds to step S3215 where brokerage fees and fixed fees aresubtracted from the purchase price and then in step S3217 the profit orloss is distributed on a per share basis to the respective shareholdersand subsequently the process ends.

[0182]FIG. 33 is a flowchart showing how meteorological data may be usedto help determine the process for “guaranteeing” units of power thatinclude electrical power produced from a wind turbine facility. Whilethe present document refers to both a wind turbine facility and a windfarm, the invention applies to both circumstances. Furthermore theterminology used in the present document generally uses both termsinterchangeably, especially when referring to power produced from awind-based power production facility since the power may be from asingle wind turbine unit or a plurality of wind turbine units. Thus itshould be understood that the electrical power produced may be from oneor more wind turbines even if the text refers to a wind turbinefacility. The process begins in step S3301 where meteorological data isused to predict an expected amount of power to be produced by a windturbine at a certain time in the future. The process then proceeds tostep S3303 where a futures contract is executed with an alternativepower provider such as another wind turbine operator or hydroplantoperator or the like so as to “guarantee” the delivery of the electricalpower unit if a shortfall exists at the wind turbine power productionfacility. The process then proceeds to step S3305 where a unit ofwind-generated electric power, as guaranteed by a back-up power resourceis offered for sale or under a delivery contract made available for saleat a future time. The process then proceeds to step S3307 where thecontract for the guaranteed unit of wind-generated electric power issold to a purchaser, and then in step S3309 the sold power is actuallydelivered to the grid as requested in the quantity and power as definedby the particular unit of power sold. Subsequently the process ends.

[0183]FIG. 34 is a graph showing appropriate types of weather predictionand wind forecasting methodology employed according to the presentinvention based on the time interval for which the wind power predictionis to be done. As previously discussed, the pricing and planning forproviding “premier” power according to the present invention usesmeteorological data to provide a statistical indication (see, e.g., themessage format of FIG. 12) regarding the likelihood of the wind turbinepower production facility actually delivering the predefined unit ofpower. As shown in FIG. 34, for intervals on the order of seconds,minutes, and fractions of an hour wind predictions may be based on theoutput of near term correlation and regression in combination withnowcasting weather prediction techniques. Near by standardmeteorological observation stations output are, according to the presentinvention, profitably combined with wind measurement/measurements at theturbines in the wind farm for which a wind power prediction is to bedone. Techniques for nowcasting and wind correlation and regression aredescribed for example in Browning, K. A., “Now Casting”, Academic Press,London, 1982, ISBN 0-12-137760-1, and in Brown, Katz, and Murphy,Journal of Climate and Applied Meteorology, Vol. 23, No. 8, pp. 1184-95,the entire contents of which being incorporated herein by reference.From the perspective of renewable power plant operators, themeteorological predictions for short terms are used to estimate anamount of AC power that a particular set of wind turbines will provideto the AC power grid. When sufficient investment funds are combined in arenewable energy portfolio investment instrument, it is possible topredict a return on investment to be expected by harnessing wind energyin relatively short time intervals.

[0184] For longer term predictions, on the order of hours, days and upto a week in advance numerical prediction and dynamic meteorologytechniques as well as meso-scale meteorological modeling forms the basisfor extraction of wind data for wind power prediction. A typicalprediction length of 5 days may limit this range, corresponding to atypical lifetime of a mid-latitude atmospheric motion system. Thesetechniques are described e.g. in Haltiner, G., “Numerical Prediction andDynamic Meteorology”, sec. ed., John Wiley & Sons, as well as Pielke,R., “Mesoscale Meteorological Modeling”, Harcourt Brace Jovanovich,Academic Press, 1984, the entire contents of which being incorporatedherein by reference. Wind prediction output from these modelingtechniques may be used for something other than the spot-type tradingwhich is more appropriate for regression or nowcasting or even dynamicganged control between a wind power facility and a hydroelectric plantfor example. By having this mid-term meteorological forecast dataregarding expected wind energy, actors who participate in a powerexchange are able to predict with some degree of accuracy the level ofrisk/reward that the actor is engaged in when entering bilateraltransactions for “power units,” (i.e., specific amounts of energy thatare traded, purchased, sold, stored etc. as a power unit).

[0185] Even longer term prediction includes also synoptic scalenumerical prediction and climatological statistical analysis performedon the order of weeks or even seasons. Such modeling prediction servicesare available from e.g. the European Center for Medium-Range WeatherForecast (ECMWF), the National Weather Service operated by NOAA in USA,and similar national and international organizations. Having thismeteorological data enables operators of renewable energy resources tohandle the power produced therefrom in a more fungible way that in thepast. For example, renewable operators, based on the meteorologicalforecast, may opt to sell units of energy in advance by borrowing theenergy asset from the virtual energy storage facility during the week,and then reliably “replenish” the energy supply over the weekend whenlow-load periods are routinely observed.

[0186]FIG. 35 is a block diagram explaining how according to the presentinvention a chain of interactions between the energy suppliers, theactor performing load/supply balancing, the energy market, andmeteorological information, here represented by, but not limited to thewind predictions done by the national weather services, can be set up toenhance the commercial value of electric power produced by e.g. windenergy technology. The method that is presently described to enhance thecommercial value of electric power produced by wind energy may equallywell be used to enhance the value of other renewable energy sources withvariable characteristic such as e.g. solar and wave. By linking theload/balancing supply with wind prediction operations and wind powerforecasting techniques estimates and business-level cost analyses may beperformed when pricing the different units of electrical power generatedfrom renewable sources, e.g. wind, that are sold in the energy market.

[0187]FIG. 36 is a block diagram that shows how the renewable energycontrol center processor 500 shown in FIG. 5 may receive meteorologicaldata services, 513 in FIG. 5. Wind sensors at a wind farm are connectedto the wind farm operator's processor system through an I/O bus, asshown. Near-by located sensors at other farms are equally connected tothe operator's processor system. I/O links are through the busestablished with independent renewable energy forecast consultant'ssystems as well as with the system outputs from National MeteorologicalCenters. The wind farm operator's processor system may include, but isnot be limited to, wind prediction forecasting tools for the very shortrange and for the long range. For very short-term forecasts, on theorder of seconds to minutes (such as two minutes which should providesufficient reaction time for a virtual energy storage facility or otherenergy source to act in response to a request for output productionincrease or decrease in the case of a wind gust or lull), methods basedon statistical analysis of a time series from nearby located windsensors may be used, in combination with known probability distributionsof the wind itself. These distributions and their characteristics areknown at many sites and are obtained in real time and updated while awind farm is operated. Presently used wind energy siting tools incombination with statistical regression and correlation methods are usedby the inventive system to predict the wind. This data may becomplimented by atmospheric boundary layer parameterization schemes asstand alone or as integrated into numerical wind energy siting tools soas to provide profiles of wind data over the disk of the wind turbine orthe disks of the turbines in a wind farm. Available wind generatedelectric power is extracted from predicted wind by integrating over thearea or volume swept by turbines. The data is also processed to includeeffects of nearby wind turbine wakes. Multi Variate Data Analysis (MVDA)techniques and/or Neural Network methods may here be used tocontinuously improve the predictive skill. Long range forecasts are herecalculated by statistical methods using previously measured andcollected data. This data may be from local sensors in combination withclimatological data received from the National Meteorological Center.Wind power predictions by the processor system are transferred to therenewable energy control center processor 500 in FIG. 5.

[0188] The renewable energy control center processor 500 shown in FIG. 5may also receive meteorological data services from an I/O linkestablished with the output systems at a National Meteorological Center.The meteorological center receives meteorological data through its linksto global telecommunication systems used by the World MeteorologicalOrganization for transfer of raw and refined meteorological data betweenits member states. Data links are established to meteorological sensorsat wind farms either directly or through the I/O buses of the wind farmprocessor systems. Very short-term and long-term forecasts of availablewind power may be calculated by the meteorological center using methodsas described above. For short-term forecasting, intervals of minutes toan hour, the prediction is based on nowcasting techniques possibly incombination with statistical methods. Nowcasting here refers to methodsfor objectively analyzing observed meteorological data covering arestricted geographical area (i.e., meso-scale area). Observationstechniques may include but not be limited to radar, satellite, balloonor ground-based sensors or other suitable methods.

[0189] The objective analysis tools include available meteorologicalnumerical analysis tools in combination with wind energy siting tools.Preferable output of the numerical nowcasting tools is athree-dimensional time series of data at intervals of minutes.Predictions of available wind power is obtained from this data by trendfitting using data from the geographic upwind area, data from severaltime intervals, as well as combined with the influence of the localcharacteristics as described by atmospheric boundary layer physics.Electric power production is calculated from predicted wind speed anddirection as described above including effects of wakes from nearbyturbines. Predictive skill may be enhanced by combining observationaldata and measured electric power output through MVDA or Neural Networkand Fuzzy Logic methodologies. For medium range forecasts on the orderof hours to days, the methods are based on post-processing output frommeteorological synoptic and meso-scale numerical forecast models.Methods include a combination of discrete output data on wind speed anddirection from numerical forecast models combined with meso-scaleobjective analysis tools. This is performed by national meteorologicalcenters as part of their operations. The three-dimensional time seriesoutput of these numerical models may be post-processed as describedabove to include wake effects of nearby turbines to obtain availablewind power at a site, including consideration of wake effects of nearbyturbines. For long range forecasts, a week or longer, for example,statistics on wind speed and direction are used to produce probabilitiesof available wind power for a given geographic area. Statistics arebased on data from the meteorological observation network and sensorsmounted on wind turbines. This data may be combined with past numericalforecasting results to fill gaps in the observation network.

[0190] The renewable energy control center processor 500 shown in FIG. 5may also receive meteorological data services through an I/O linkestablished with the output systems of processors operated by arenewable energy forecasting consultant. The consultant agency may beindependent or formed as an alliance between e.g. wind farm operatorsand national meteorological centers. The renewable energy forecastingconsultant processor system may include calculation tools and methods asdescribed above for forecasting over very short to long range.

[0191] The control processor 500 in FIG. 5 may hold a database that isset up to be automatically populated by wind power predictioninformation transferred from the meteorological data services 513 inFIG. 5 (corresponding to the diagram in FIG. 36).

[0192] Each of the actors providing meteorological data services 513 inFIG. 5 may also provide input to the renewal power exchange 507 so thattraders and investors may make informed decisions regarding thelikelihood of a wind turbine facility actually being able to deliver therequired power levels with a certain degree of probability. Based on thestatistical indicators associated with the likely delivery of thosepower levels, the investor may choose to execute more expensive or leastcostly options for guaranteeing the delivery of the wind power units forsale as premier power.

[0193] As opposed to conventional systems and methods, selected featuresof the present invention that characterize aspects of the inventioninclude the following:

[0194] There is a commerce-based entity like a power exchange to dealwith wind power as “green power” with a distinguished value.

[0195] There is an identity associated with the wind power-based unitsof electrical power transferred from a predetermined number of windfarms to other power grid facilities, like consumers or energy storageunits or the like, thus identifying wind power as “green power” with adistinguished value.

[0196] There is an economic-based mechanism, such as a data processingsystem for managing a financial services configuration of a portfolioestablished as a partnership between stakeholders.

[0197] There is a method and mechanism for prognosticating the windenergy output, based on meteorological forecasting and data analysistechniques as well as improving the forecast with signals from localsensors not only to deal with wind power as “green power” with adistinguished value but enabling “green power” to become equallycommercially competitive with other power sources at this time.

[0198] There is one connection (preferably), “the co-active converter”,from “a predetermined number of wind farms”, via a C&T grid” to “thepower grid.”

[0199] Obviously, numerous modifications and variations of the presentinvention are possible in light of the above teachings. From the abovedescription, it will be apparent that the invention disclosed hereinprovides novel and advantageous methods and mechanisms to operate andcontrol wind turbines, wind farms and their co-operation with theelectrical power grid and its stakeholders aiming at long-term businessoperations. For example, some aspects of the priming procedure can beperformed in various ways equivalent to those disclosed herein,including transmission, upon a direct request between two stakeholders,i.e., outside the power exchange, point-to-point, of wind power-basedunits of electrical power to a storage facility that may be embodied asso called “pumped hydro” or other energy storage facilities. Similarpriming procedures can be performed on other renewables, such as solarelectric power where hydro might be accompanied or substituted by gasesthat hold energy. Those gases might be not only a simple source, such asair, which is compressed but also a more complicated source likehydrogen which is produced by hydrolysis from temporarily availablesurplus electrical power and which is burned in a gas turbine used as aprime mover, all to stay within “renewables” regime. LNG, liquid naturalgas, is of course a strategic option to complement “renewables” to formanother type of “hybrid,” but still with fairly low environmental impactdue to its low carbon content, or more precise low CO₂ per kWh. It istherefore to be understood that within the scope of the appended claims,the invention may be practiced otherwise than as specifically describedherein.

What is claimed as new and desired to be secured by Letters Patent ofthe United States is:
 1. A method for converting electrical powerproduced from a renewable energy power production facility into premierpower, comprising the steps of: producing from the renewable energypower production facility a time variable output power; determiningwhether the time variable output power drops below a predeterminedlevel; and supplementing the time variable output power with power fromat least one converter that includes at least one of a reactive powercompensation mechanism and active power compensation mechanism.
 2. Themethod of claim 1, wherein: said renewable energy power productionfacility being at least one of a wind turbine generator facility, asolar power production facility, a wave energy-based power productionfacility, an ocean current-based power production facility, and a tidalpower production facility; and at least one of said at least oneconverter being a co-active converter.
 3. The method of claim 2, furthercomprising the step of collecting the time variable power output from aplurality of renewable energy power production facilities.
 4. The methodof claim 1, wherein said producing step comprises: producing the timevariable output power as high voltage DC; and converting said highvoltage DC into premier power at a standard frequency.
 5. The method ofclaim 4, wherein said converting step includes converting said highvoltage DC into premier power using a rotating electrical machine. 6.The method of claim 5, wherein said co-active converter includes a primemover coupled to said rotating electric machine.
 7. The method of claim1, wherein said supplementing step includes controlling a reactive powerflow into a power grid by changing a tap-changer position on a powertransformer.
 8. The method of claim 1, further comprising providing anoutput power having sufficient current to trip circuit breaker if afault condition is detected on a power grid.
 9. The method of claim 1,wherein said step of supplementing includes further supplementing theoutput power with power produced from a virtual energy storage facility.10. A control processor for facilitating application of AC power from arenewable energy power production facility to a power grid, comprising:an I/O device configured to receive data from the renewable energy powerproduction facility regarding an amount of power to be delivered by saidrenewable energy power production facility to said power grid, said I/Odevice including a communication port configured to transfer to a remotefacility an indication regarding said amount of power; a memoryconfigured to hold computer readable instructions therein; a processorconfigured to execute said computer readable instructions so as toimplement, a power monitoring mechanism configured to monitor saidamount of power, a message forming mechanism configured to include saidindication in a coordination message that is sent through said I/Odevice to said remote facility regarding the amount of AC power appliedby said renewable energy power production facility to said power grid.11. The control processor of claim 10, wherein the renewable energypower production facility is a wind turbine power generation facilityand said I/O device is configured to receive said data from the windturbine power generation facility.
 12. The control processor of claim11, wherein said remote facility is another AC power generation facilityand said another AC power generation facility is configured to adjust apower output thereof at a time that coincides with when said amount ofpower is delivered by said wind turbine power generation facility. 13.The control processor of claim 12, wherein said indication in saidcoordination message corresponds with AC power that is deliveredcontemporaneously to said power grid.
 14. The control processor of claim12, wherein: said indication in said coordination message correspondswith AC power that is to be delivered at a predetermined future time;and said message forming mechanism is configured to include in saidcoordination message said predetermined future time so that said anotherAC power generation facility is informed as to when to adjust the poweroutput thereof so as to offset at least one of a surplus and a shortfallfrom said renewable energy power production facility relative to apredetermined amount.
 15. The control processor of claim 12, whereinsaid I/O device is configured to receive a reply message from saidanother AC power generation facility confirming that the another ACpower generation facility will adjust a power output thereof so as tooffset at least one of a surplus and a shortfall of power applied tosaid power grid by said wind turbine power generation facility relativeto a predetermined amount.
 16. The control processor of claim 12,wherein said another AC power generation facility is a hydroelectric ACpower generation facility.
 17. The control processor of claim 11,wherein said remote facility is a renewable exchange, in which units ofpower from renewable power generation facilities are exchanged asfungible power units.
 18. The control processor of claim 10, whereinsaid renewable exchange is a computer-based facility that is configuredto receive said coordination message as a digital message.
 19. Thecontrol processor of claim 18, wherein said message forming mechanism isconfigured to prepare said digital message as at least one of an e-mailmessage, a dedicated control signal, a TCP/IP formatted message, anasynchronous transfer mode (ATM) message, and a simple networkmanagement protocol (SNMP) message.
 20. The control processor of claim18, wherein said message forming mechanism is configured to prepare saiddigital message as a portion of an Internet web page.
 21. The controlprocessor of claim 20, wherein said message is downloaded in response toat least one of a Java and an ActiveX program-initiated processimplemented on at least one of said processor and another processor atsaid remote facility.
 22. The control processor of claim 11, wherein:said I/O device is configured to receive meteorological data from aremote source; said computer readable instructions when executed by theprocessor implement a wind forecasting mechanism, said wind forecastingmechanism configured to provide a statistical indication of an amount ofwind expected at a predetermined future time when said power is to bedelivered from the wind turbine facility to the power grid; and saidprocessor is configured to determine an expected amount of power fromsaid wind turbine power generation facility at said predetermined futuretime.
 23. The control processor of claim 22, wherein: said predeterminedfuture time is less than 2 minutes, and said message formatting messageis configured to include at least one of said statistical indication andsaid expected amount of power in said coordination message.
 24. Theprocessor of claim 23, wherein said remote facility is a power exchangeand said amount of power is made available for sale on a Spot market.25. The processor of claim 23, wherein: said remote facility is at leastone of a compressed gas-based storage facility, a fossil fuel plant anda hydroelectric power generation facility; and said coordination messageis sent to said remote facility in preparation for adjusting an outputtherefrom.
 26. The control processor of claim 22, wherein: saidpredetermined future time is less than 5 days and greater than 2minutes, and said message formatting mechanism is configured to includeat least one of said statistical indication and said expected amount ofpower in said coordination message; and said remote facility is a powerexchange and said amount of power is made available for sale on acompetitively bid market.
 27. The control processor of claim 22,wherein: said predetermined future time is greater than 5 days, and saidmessage formatting mechanism is configured to include at least one ofsaid statistical indication and said expected amount of power in saidcoordination message; and said remote facility is a power exchange andsaid amount of power is made available for sale on a competitively bidmarket.
 28. The control processor of claim 27, wherein: saidpredetermined future time is greater than 5 days, and said messageformatting mechanism is configured to include at least one of saidstatistical indication and said expected amount of power in saidcoordination message; and said processor being configured to coordinatewith a virtual energy storage facility to place the amount of power onan account of the wind turbine wind production facility and prevent asale of said amount of power in said competitively bid market if a pricefor said amount of power is below a predetermined threshold.
 29. Thecontrol processor of claim 11, wherein: said I/O device is configured toreceive meteorological data from a remote source; said computer readableinstructions when executed by the processor implement a wind forecastingmechanism, said wind forecasting mechanism being configured to provide astatistical indication of an amount of wind expected at a predeterminedfuture time when said power is to be delivered from the wind turbinefacility to the power grid; and said remote facility includes aprocessor configured to determine an expected amount of power from saidwind turbine power generation facility at said predetermined futuretime.
 30. The control processor of claim 29, wherein: said predeterminedfuture time is less than 2 minutes, and said message formatting messageis configured to include said statistical indication in saidcoordination message.
 31. The processor of claim 30, wherein said remotefacility is a power exchange and said amount of power is made availablefor sale on a Spot market.
 32. The processor of claim 30, wherein saidremote facility is a hydroelectric power generation facility and saidcoordination message is sent to said hydroelectric power generationfacility in preparation for adjusting an output therefrom.
 33. Thecontrol processor of claim 29, wherein: said predetermined future timeis less than 5 days and greater than 2 minutes, and said messageformatting mechanism is configured to include said statisticalindication in said coordination message; and said remote facility is apower exchange and said amount of power is made available for sale on acompetitively bid market.
 34. The control processor of claim 29,wherein: said predetermined future time is greater than 5 days, and saidmessage formatting mechanism is configured to include said statisticalindication in said coordination message; and said remote facility is apower exchange and said amount of power is made available for sale on acompetitively bid market.
 35. The control processor of claim 34,wherein: said predetermined future time is greater than 5 days, and saidmessage formatting mechanism is configured to include said statisticalindication in said coordination message; and said processor beingconfigured to coordinate with a virtual energy storage facility to placethe amount of power on an account of the wind turbine power productionfacility and prevent a sale of said amount of power in saidcompetitively bid market if a price for said amount of power is below apredetermined threshold.
 36. The control processor of claim 10, wherein:the remote facility has an agreement with the renewable energy powerproduction facility to adjust a power output from the remote facility bya predetermined amount in response to the coordination messageindicating that the power amount from the renewable energy powerproduction facility is above or below a predetermined threshold by thepredetermined amount; and at least one of the processor and the remotefacility being configured to keep a virtual energy storage account ofenergy held on account of the renewable energy power productionfacility, and credit or debit the account by the predetermined amount.37. The control processor of claim 10, wherein: the renewable energypower production facility is a wind turbine power generation facility;and the another AC power generation facility includes at least one of ahydroelectric power plant and a fossil fuel plant.
 38. The controlprocessor of claim 37, wherein: the another AC power generation plant isone of a predetermined group of power production facilities thatincludes an energy-limited power production facility and a power-limitedpower production facility.
 39. The control processor of claim 37,wherein after the another AC power production facility is determined,said processor is configured to determine whether transmission rightsexist for delivering power over a transmission grid that interconnectssaid renewable energy power production facility and said another ACpower generation facility when providing the amount of power to thepower grid on behalf of the another AC power production facility. 40.The control processor of claim 37, wherein the processor is configuredto prepare a reporting message to a system operator, informing thesystem operator of the wind turbine power generation facility havingeither produced another amount of power on behalf of the another ACpower production facility or had the another AC power productionfacility provide the another amount of power to the power grid on behalfof an obligation of the wind turbine power generation facility.
 41. Thecontrol processor of claim 40, wherein said processor is configured toreport to said system operator that the another AC power productionfacility is entitled to a predetermined amount of credit for havingproduced green power, when the wind turbine power generation facilityproduces power in excess of the obligation and the another AC powerproduction facility thus limits a power output therefrom by acorresponding amount.
 42. The processor of claim 37, wherein saidprocessor is configured to implement an accounting mechanism that isconfigured to keep track of deposits and withdrawals from the virtualenergy storage account.
 43. The processor of claim 42, wherein saidaccounting mechanism is configured to reflect a credit assigned to saidwind turbine power production facility for making a monetary purchase ofenergy stored by the another AC power production facility.
 44. Theprocessor of claim 42, wherein said accounting mechanism is configuredto reflect a debit to said wind turbine power production facility foraccepting a monetary payment for an amount of energy held by the anotherAC power production facility on behalf of the wind turbine powerproduction facility.
 45. The processor of claim 42, wherein saidaccounting mechanism is configured to keep track of virtual energystorage accounts for a plurality of renewable energy power providers.46. A computer program product containing computer readable instructionsthat when executed on a processor facilitate application of AC powerfrom a renewable energy power production facility to a power grid,comprising: a power monitoring mechanism configured to monitor an amountof premier power produced by the renewable power production facility, amessage forming mechanism configured to include an indication in acoordination message sent to a remote facility regarding an amount of ACpower applied by said renewable energy power production facility to saidpower grid; and a message communications mechanism configured to sendsaid coordination mechanism to said remote facility.
 47. The computerprogram product of claim 46, wherein the renewable energy powerproduction facility is a wind turbine power generation facility
 48. Thecomputer program product of claim 47, wherein said remote facility isanother AC power generation facility and said another AC powergeneration facility is configured to adjust a power output thereof at atime that coincides with when said amount of power is delivered by saidwind turbine power generation facility.
 49. The computer program productof claim 48, wherein said indication in said coordination messagecorresponds with AC power that is delivered contemporaneously to saidpower grid.
 50. The computer program product of claim 48, wherein: saidindication in said coordination message corresponds with AC power thatis to be delivered at a predetermined future time; and said messageforming mechanism is configured to include in said coordination messagesaid predetermined future time so said another AC power generationfacility is informed as to when to adjust the power output thereof so asto compensate for either a surplus or shortfall from said renewableenergy power production facility relative to a predetermined amount. 51.The computer program product of claim 48, wherein said messagecommunications mechanism is configured to receive a reply message fromsaid another AC power generation facility confirming that the another ACpower generation facility will adjust a power output therefrom so as tooffset at least one of a surplus and shortfall of power applied to saidpower grid by said wind turbine power generation facility relative to apredetermined amount.
 52. The computer program product of claim 46,wherein said remote facility includes a computer that is configured toreceive said coordination message as a digital message.
 53. The computerprogram product of claim 52, wherein said message forming mechanism isconfigured to prepare said digital message as at least one of an e-mailmessage, a dedicated control signal, a TCP/IP formatted message, anasynchronous transfer mode (ATM) message, and a simple networkmanagement protocol (SNMP) message.
 54. The computer program product ofclaim 52, wherein said message forming mechanism is configured toprepare said digital message as a portion of an Internet web page. 55.The computer program product of claim 54, wherein said message isdownloaded in response to at least one of a Java and ActiveX programinitiated process implemented on at least one of said processor and aprocessor at said remote facility.
 56. The computer program product ofclaim 47, further comprising: a wind forecasting mechanism configured toprovide a statistical indication of an amount of wind expected at apredetermined future time when said power is to be delivered from thewind turbine facility to the power grid; and a mechanism for determiningan expected amount of power from said wind turbine power generationfacility at said predetermined future time.
 57. The computer programproduct of claim 47, wherein said wind forecasting mechanism receivesmeteorological forecast data from a remote source.
 58. The computerprogram product of claim 46, further comprising: a mechanism for keepinga virtual energy storage account of energy held on account of therenewable energy power production facility, and credit or debit theaccount by a predetermined amount, wherein the remote facility has anagreement with the renewable energy power production facility to adjusta power output from the remote facility by the predetermined amount inresponse to the coordination message indicating that the power amountfrom the renewable energy power production facility is above or below apredetermined threshold by the predetermined amount.
 59. The computerprogram product of claim 46, wherein: the renewable energy powerproduction facility is a wind turbine power generation facility; and theanother AC power generation facility includes at least one of ahydroelectric power plant and a fossil fuel plant.
 60. The computerprogram product of claim 59, wherein: the another AC power generationplant is one of a predetermined group of power production facilitiesthat includes an energy-limited power production facility and apower-limited power production facility. 61 The computer program productof claim 59, wherein after the another AC power production facility isdetermined, said computer program product is configured to determinewhether transmission rights exist between said renewable powerproduction facility and said another AC power generation facility over atransmission grid when providing the amount of power to the power gridon behalf of the another AC power production facility.
 62. The computerprogram product of claim 59, further comprising a mechanism for sendinga reporting message to a system operator, informing the system operatorof the wind turbine power generation facility having either producedanother amount of power on behalf of the another AC power productionfacility or having the another AC power production facility provide theanother amount of power to the power grid on behalf of an obligationmade by the wind turbine power generation facility.
 63. The computerprogram product of claim 62, wherein said processor is configured toreport to said system operator that the another AC power productionfacility is entitled to a predetermined amount of credit for havingproduced green power, when the wind turbine power generation facilityproduces power in excess of the obligation made and the another AC powerproduction facility thus limits a power output therefrom by acorresponding amount.
 64. The computer program product of claim 59,further comprising an accounting mechanism that is configured to keeptrack of deposits and withdrawals from the virtual energy storageaccount.
 65. The computer program product of claim 64, wherein saidaccounting mechanism is configured to reflect a credit assigned to saidwind turbine power generation facility for making a monetary purchase ofenergy stored by the another AC power production facility.
 66. Thecomputer program product of claim 64, wherein said accounting mechanismis configured to reflect a debit to said wind turbine power generationfacility for accepting a monetary payment for an amount of energy heldby the another AC power production facility on behalf of the windturbine power production facility.
 67. The computer program product ofclaim 64, wherein said accounting mechanism is configured to keep trackof virtual energy storage accounts for a plurality of renewable energypower providers.
 68. A system for facilitating application of AC powerfrom a renewable energy power production facility to a power grid,comprising: the renewable energy power production facility configured toproduce an amount of electrical power at a time variable frequency thatis not compatible with a power grid; a converter connected between saidrenewable energy power production facility and the power grid andconfigured to convert said amount of electrical power from the renewableenergy power production facility to premier power that is compatiblewith a frequency and operational requirement of the power grid such thatan output from said converter may be applied directly to the power grid;a control processor including, a communication port configured totransfer to a remote facility an indication regarding an amount ofpremier power produced by said converter, a memory configured to holdcomputer readable instructions, a processor configured to execute saidcomputer readable instructions so as to implement, a power monitoringmechanism configured to monitor said amount of premier power, a messageforming mechanism configured to include said indication in acoordination message that is sent through a communication link to saidremote facility regarding the amount of premier power available to applyto said power grid.
 69. The system of claim 68, wherein said converterbeing a co-active converter that includes a DC-to-AC converterconfigured to receive the amount of electrical power from the renewableenergy power production facility, where said amount of electrical poweris at a direct current, and convert the amount of electrical power toAC; a rotating converter; and a power transformer connected between therotating converter and the power grid.
 70. The system of claim 69,wherein said rotating converter includes at least one of a staticconverter and a rotating converter configured to convert from DC to afrequency standard, a frequency converter configured to convert from avariable low-frequency AC to a frequency standard, a frequency converterconfigured to convert from a constant low-frequency AC to a frequencystandard, a rotating converter configured to supply at least one ofreactive power and active power to a frequency standard, and a powertransformer configured to provide a voltage adaptation for adjusting ashort circuit output capacity of the renewable energy power productionfacility.
 71. The system of claim 70, wherein said rotating converter isconfigured to provide at least one of a start-up operation of the powergrid after a major fault, a source of active power so as to provide apriming operation for the amount of electrical power from the renewableenergy power production facility, a source of reactive power to thepower grid at a predetermined quantity, a suppressor of low orderharmonics from the DC-to-AC converter, a source of active AC voltagesupport for the DC-to-AC converter, a separation of active power controland reactive power control, and a supply of short-circuit power duringfaults operations of the power grid.
 72. The system of claim 69, whereinsaid rotating converter is a two-winding machine having two sets of ACthree-phase windings arranged in a stator of the rotating converter andbeing exposed to AC and DC fields when in operation.
 73. The system ofclaim 69, wherein said rotating converter is a constant speedsynchronous machine with a winding arranged in a rotor.
 74. The systemof claim 73, wherein said winding of said rotating converter is a DCwinding.
 75. The system of claim 69, wherein said rotating converterbeing an adjustable speed asynchronous machine having at least one ofbrush-less drives and brush-based drives.
 76. The system of claim 75,wherein said brush-based drives being a Static Scherbius drive.
 77. Thesystem of claim 69, wherein said rotating converter is configured towithstand a large voltage sag in voltage provided by said renewableenergy power production facility without tripping a breaker connected tothe power grid.
 78. The system of claim 69, wherein said rotatingconverter being configured to provide a moment of inertia that isavailable as a short term storage facility for wind energy used toproduce said renewable energy power production facility during a periodof wind lull.
 79. The system of claim 69, wherein said co-activeconverter further comprises a prime mover configured to provide analternative power source to said rotating converter.
 80. The system ofclaim 79, wherein said prime mover being fed from fossil fuel.
 81. Thesystem of claim 79, wherein said prime mover being fed by at least oneof vegetable oil and a compressed gas-based storage facility.
 82. Thesystem of claim 69, wherein said power transformer being athree-winding, three-phase transformer.
 83. The system of claim 68,further comprising said communication link configured to convey saidcoordination message to said remote facility, wherein said remotefacility being another AC power generation facility configured to adjusta power output thereof at a time that coincides with when said premierpower is delivered to said power grid by said converter.
 84. The systemof claim 83, wherein: said remote facility has an agreement with therenewable energy power production facility to adjust a power output fromthe remote facility by a predetermined amount in response to thecoordination message indicating that the premier power from theconverter has an energy measured over an effective time period beingabove or below a predetermined threshold by the predetermined amount;and at least one of the processor and the remote facility beingconfigured to keep a virtual energy storage account of energy held onaccount of the renewable energy power production facility and credit ordebit the account by the predetermined amount, said converter being aco-active converter.
 85. The system of claim 84, wherein said processoris configured to implement an accounting mechanism that is configured tokeep track of deposits and withdrawals from said virtual energy storageaccount made by said renewable energy power production facility.
 86. Thesystem of claim 85, wherein said accounting mechanism is configured toreflect a credit assigned to said renewable energy power productionfacility for making a monetary purchase of energy stored by the remotefacility.
 87. The system of claim 85, wherein said accounting mechanismis configured to reflect a debit to said renewable energy powerproduction facility for accepting a monetary payment for an amount ofenergy held by the remote facility on behalf of the renewable energypower production facility.
 88. The system of claim 85, wherein: saidaccounting mechanism is configured to keep track of virtual energystorage accounts for a plurality of renewable energy power productionfacilities; and said system further comprising a collection andtransmission grid interconnecting the renewable energy power productionfacility, and a plurality of other renewable energy power productionfacilities to the co-active converter such that energy provided by therenewable energy power production facility in the plurality of renewableenergy power production facilities provides a cumulative power to saidco-active converter.
 89. The system of claim 88, wherein an output ofsaid collection and transmission grid being provided to a high voltageDC link.
 90. The system of claim 68, further comprising a dedicatedcontrol link configured to interconnect said control processor and saidremote facility, wherein said message forming mechanism is configured tosend said coordination message over said dedicated control link, so asto control a power output by said remote facility to correspond withamount of premier power delivered by said converter.
 91. The system ofclaim 90, wherein said coordination message is configured to inform saidremote facility of a future time at which said power is to be deliveredfrom said renewable energy power production facility, so that saidremote facility can reduce an output thereof by a corresponding amountof power delivered by the remote facility such that an aggregate amountof power delivered by both the renewable energy power productionfacility and the remote facility equates to an composite aggregateamount of power obliged to be delivered by the renewable energy powerproduction facility and the remote facility.
 92. The system of claim 90,wherein said remote facility is configured to increase a powerproduction output therefrom, so as to compensate for a shortfall fromsaid renewable energy power production facility.
 93. The system of claim68, wherein said processor is configured to provide said coordinationmessage in a text based format so that an operator may audibly informanother operator at the remote facility regarding a request to adjust anoutput power from the remote facility so as to offset at least one of asurplus and a shortfall of power produced at the renewable energy powerproduction facility.
 94. The system of claim 68, wherein said controlprocessor further includes an interface for hosting a web page by whichcoordination between the renewable energy power production facility andthe remote facility is maintained so as to coordinate respective amountsof power produced by the renewable energy power production facility andthe remote facility.
 95. The system of claim 68, wherein said processoris configured to implement a load shedding messaging mechanism thatprovides a load shedding message to the remote facility such that theremote facility can alter a load imparted by the remote facility to thepower grid in response to an amount of premier power delivered by theconverter.
 96. The system of claim 68, wherein said processor isconfigured to implement a renewable exchange that offers for sale saidpremier power as a unit of power for purchase by a third party.
 97. Thesystem of claim 96, wherein said message forming mechanism is configuredto include a meteorological forecast message provided to the renewableexchange in association with said unit of power so said third party maybe informed as to a likelihood of said renewable energy power productionfacility actually being able to deliver the premier power at apredetermined future time.
 98. The system of claim 97, wherein saidmeteorological forecast message includes an indication of thepredetermined future time, and a statistical indicator of the likelihoodof the renewable energy power production facility being able to deliverthe premier power as a unit of power.
 99. The system of claim 96,wherein said renewable exchange is configured to receive an offer forsaid unit of power and accept said offer by said renewable energy powerproduction facility when said offer is above a predetermined price. 100.The system of claim 68, wherein said processor is configured toimplement a transmission rights recognition mechanism that identifieswhether said renewable energy power production facility has obtainedtransmission rights from said converter to said remote facility, andproduce a warning message if the transmission rights have not beenestablished.
 101. The system of claim 96, wherein said processor isconfigured to include an accounting mechanism that keeps track of aprice at which said unit of power is sold, and an entity from whichpayment for a purchaser of the unit of power may be accepted.
 102. Acomputer-based facility for trading units of electrical power, at leasta portion of each unit being from a renewable energy power productionfacility, comprising: a first I/O mechanism configured to receive a bidmessage including an amount of power to be delivered by said renewableenergy power production facility to said power grid at a predeterminedfuture time; a second I/O mechanism configured to receive an offermessage including an offer price for said amount of power; a memoryconfigured to hold computer readable instructions; and a processorconfigured to execute said computer readable instructions so as toimplement, an offer acceptance mechanism configured to determine if saidoffer price in said offer message meets or exceeds a predeterminedprice, and an acceptance notification mechanism configured to send anotification message to a sender of said bid message informing saidsender of an acceptance by a purchaser.
 103. The facility of claim 102,wherein said offer acceptance mechanism being configured to determine ifthe offer price has been met if said offer price meets or exceeds otheroffers within a predetermined period of time.
 104. The facility of claim102, wherein said offer acceptance mechanism is configured to determineif said offer price is met when said offer price meets or exceeds apredetermined price.
 105. The facility of claim 102, wherein said atleast a portion of said unit of power being premier power.
 106. Thefacility of claim 102, wherein said acceptance notification mechanism isconfigured to include in said notification message, at least one of anidentity of a purchaser and a location of where the power from therenewal energy source is to be delivered on behalf of the purchaser.107. The facility of claim 102, wherein said message includes anindication that said amount of power being guaranteed by the powergenerated from another electrical power generation facility.
 108. Thefacility of claim 107, wherein the amount of power is guaranteed by anoptions contract.
 109. The facility of claim 107, wherein said amount ofpower is guaranteed by a bi-lateral agreement between another electricalpower generation facility and an operator of a renewable energy sourcesuch that a short fall from the renewable energy source is compensatedfor by increased production by the other electrical energy productionfacility.
 110. The facility of claim 102, wherein said offer messageincludes the offer price from pooled resources from multiple investors,respective of the investors contributing predetermined portions of saidpooled resources to constitute said offer price.
 111. The facility ofclaim 11 0, wherein said pooled resources are aggregated in the form ofa mutual fund.
 112. The facility of claim 102, wherein said second I/Omechanism is configured to receive the offer message from a remotecomputer facility that aggregates the pooled resources from the multipleinvestors at the remote computer facility and presents a portion of thepooled resources as the offer price.
 113. The facility of claim 103,wherein said acceptance notification mechanism informs said remotecomputer facility of the acceptance so that said remote computerfacility can account for the respective investment accrual attributableto respective of the multiple investors when said unit of power isdelivered to the power grid.
 114. The facility of claim 102, whereinsaid processor is configured to provide an evaluation mechanism thatreceives meteorological data from an external source so as to predict alikelihood of delivery of the renewal energy source at saidpredetermined future time.
 115. The facility of claim 102, wherein saidunit of power from the renewable energy source being supplemented withpower from a virtual energy storage facility during a period of timewhen a load on the power grid is high and said renewal energy sourcebeing configured to provide power therefrom on behalf of the virtualenergy storage facility in time periods when the load is low.
 116. Amethod for coordinating power output from a renewable power productionfacility with another power production facility so as to implement avirtual energy storage mechanism for the renewable power productionfacility, comprising steps of: producing a predetermined amount ofelectric power from the renewable power production facility; determiningthat an amount of power produced by the renewable power productionfacility deviates from a threshold by a predetermined quantity;informing another power production facility of said predeterminedquantity; and adjusting a power output at said other power productionfacilities by an amount that corresponds with said predeterminedquantity.
 117. The method of claim 116, wherein said renewable powerproduction facility being a wind turbine electric power productionfacility.
 118. The method of claim 116, further comprising a step ofkeeping an account of an amount of virtual energy storage held by thevirtual energy storage mechanism on behalf of the renewable powerproduction facility, said balance reflecting changes by saidpredetermined quantity when said adjusting step is performed.
 119. Themethod of claim 118, wherein said keeping step includes allowing for anegative balance during peak production times, and adding to saidbalance during off-peak times.
 120. The method of claim 118, furthercomprising a step of selling a unit of power output from said renewablepower production facility when a market sale price for said unit ofpower exceeds an estimated future value of said unit of power producedat a later time.
 121. The method of claim 116, further comprising a stepof offering for sale a unit of power, said unit of power including anundetermined amount of electric power from said renewable powerproduction facility at a predetermined future time and guaranteeingdelivery of said unit of power with an adjusted power output from theanother power production facility.
 122. The method of claim 121, furthercomprising a step of offering for sale said unit of power on a renewableexchange.
 123. The method of claim 122, further comprising a step ofsetting a price at which said power unit is offered for sale, said pricebeing greater than or equal to an estimated value of storing the powerunit in said virtual energy storage mechanism for use at a later time.124. The method of claim 122, further comprising a step of notifying anoperator of said renewable power production facility when said powerunit is sold.
 125. The method of claim 121, further comprising a step ofobtaining transmission rights for transferring said power output fromthe renewable power production facility to a transmission grid thatconnects to the another power production facility when said adjustingstep adjusts the power output to a lower level than for what the anotherpower production facility is obligated to provide.
 126. The method ofclaim 122, further comprising the step of offering meteorological dataassociated with when said power output from said renewable powerproduction facility is offered for delivery, and estimating a likelihoodof delivery using said meteorological data.
 127. The method of claim126, further comprising a step of placing a value on the power unitbased on a future likelihood of delivery.
 128. The method of claim 118,further comprising a step of selling a predetermined portion of anaccumulated energy stored at said virtual energy storage mechanism. 129.The method of claim 116, further comprising a step of controllingdirectly said another power production facility to implement saidadjusting step through a ganged operation with said renewable powerproduction facility.
 130. The method of claim 116, wherein saidadjusting step includes adjusting the power output by receiving a datamessage via an electronic communication with said renewable powerproduction facility.
 131. The method of claim 116, wherein saidadjusting step includes informing said another power production facilityof said predetermined quantity using at least one of nonelectroniccommunication and telephonic communication.
 132. A method for enhancinga commercial value of a unit of electric power produced by a renewablepower production facility, comprising steps of: identifying apredetermined amount of power predicted to be produced from therenewable power production facility at a predetermined future time;converting the predetermined power from the renewable power productionfacility to a unit of premier power for application to a power grid at astandard frequency; selling said unit of premier power for delivery atthe predetermined future time; delivering to the power grid the unit ofpower at the predetermined future time.
 133. The method of claim 132,further comprising the step of guaranteeing the unit of power withsupplemental power produced at a remote facility so as to supplement anamount of actual premier power that is delivered by said renewable powerproduction facility so that a combination of the supplemental power andthe actual premier power substantially equals the unit of premier power.134. The method of claim 133, wherein said guaranteeing step includesobtaining a contractual obligation from the remote facility to providethe supplemental power.
 135. The method of claim 132, further comprisinga step of obtaining transmission rights to transfer the unit of premierpower from the renewable power production facility to a portion of thepower grid to which a purchaser of the premier power unit is obligatedto provide the premier power unit at the predetermined future time. 136.The method of claim 132, wherein said converting step includesconverting the predetermined power using a co-active converter.
 137. Themethod of claim 136, wherein said converting step includes providing tosaid power grid a predetermined quantity of reactive power.
 138. Themethod of claim 136, further comprising a step of providing a shortcircuit power to the power grid when a fault occurs in the power grid.139. The method of claim 136, wherein said converting step includessuppressing harmonics in the unit of premier power.
 140. The method ofclaim 136, wherein said converting step includes providing supplementalpower from a prime mover to the predetermined power from the renewablepower production facility.
 141. The method of claim 132, furthercomprising a step of collecting electrical power from multiple renewablepower production facilities prior to performing said converting step.142. A method for managing an investment portfolio of premier powerunits, comprising steps of: receiving contributions in various amountsfrom respective investors; assigning shares to said investors based onrespective contributions made by the respective investors; purchasing aportfolio of premier power units with the contributions; and receivingpayment for delivery of respective of said premier power units, whereinsaid contributions being at least one of money and potential energy.143. The method of claim 142, further comprising a step of allocatingfund assets in increments after respective of said premier power unitsare sold.
 144. The method of claim 142, further comprising a step ofreceiving meteorological data to assist in determining which premierpower units to purchase as part of said portfolio.
 145. A system forconverting electrical power produced from a renewable energy powerproduction facility into premier power, comprising: means for producinga time variable electrical output power from the renewable energy powerproduction facility; means for determining whether the time variableelectrical output power is below a predetermined level; and means forsupplementing the output power with power from a converter mechanismhaving at least one of means for providing a source of reactive power,and means for providing active power.
 146. A system for coordinatingpower output from a renewable power production facility with anotherpower production facility so as to implement a virtual energy storagemechanism for the renewable power production facility, comprising: meansfor producing a predetermined amount of electric power from therenewable power production facility; means for determining that anamount of power produced by the renewable power production facilitydeviates from a threshold by a predetermined quantity; means forinforming another power production facility of said predeterminedquantity; and means for adjusting a power output at said other powerproduction facility by an amount that corresponds with saidpredetermined quantity.
 147. A system for enhancing a commercial valueof a unit of electric power produced by a renewable power productionfacility, comprising: means for identifying a predetermined amount ofpower expected to be produced from the renewable power productionfacility at a predetermined future time; means for converting thepredetermined power from the renewable power production facility to aunit of premier power for application to a power grid at a standardfrequency; means for selling said unit of premier power for delivery ata predetermined future time; and means for delivering to the power gridthe unit of power at the predetermined future time.
 148. A system formanaging an investment portfolio of premier power units, comprising:means for receiving contributions in various amounts from respectiveinvestors; means for assigning shares to said investors based onrespective contributions made by the respective investors; means forpurchasing a portfolio of premier power units with the contributions;and means for receiving payment for delivery of respective of saidpremier power units, wherein respective of said contributions having amonetary value.
 149. A system for prognosticating an electric poweroutput from a renewable power production facility comprising: means forreceiving at least one of meteorological and oceanographic data from aforecasting and data analysis system; means for receiving other datafrom at least one sensor positioned locally relative to the renewablepower production facility; and means for predicting an electrical poweroutput from the renewable power production facility from the at leastone of meteorological and oceanographic data and the other data. 150.The system of claim 149, wherein said at least one of the meteorologicaland oceanographic data being from at least one of a regional, a nationaland an international forecasting and data analysis system.
 151. Thesystem of claim 149, wherein said at least one sensor is positionedwithin one mile of said renewable power production facility.
 152. Thesystem of claim 149, wherein said at least one sensor is positioned atsaid renewable power production facility.
 153. The system of claim 149,wherein said means for predicting includes means for refining andcalibrating the electric power output prediction using at least one ofMultivariate data analysis, a neural network and a Fuzzy Control-basedmechanism.
 154. The system of claim 153, wherein said means forpredicting includes a processor.
 155. The system of claim 149, whereinsaid at least one sensor being configured to provide at least one ofmeteorological and oceanographic data from a vicinity local to saidrenewable power production facility.
 156. The system of claim 149,further comprising: means for forwarding a prognosticated electricalpower output from the means for predicting to a renewable energyexchange.
 157. The system of claim 149, further comprising: means forforwarding a prognosticated electrical power output from the means forpredicting to an operator of a renewable energy production facility.158. The system of claim 149, further comprising: means for forwarding aprognosticated electrical power output from the means for predicting toan operator of another power production facility.
 159. The system ofclaim 158, wherein said another power production facility being one ofan energy-limited power production facility and a power-limited powerproduction facility.
 160. The system of claim 149, wherein said meansfor predicting electrical power output from the renewable powerproduction facility includes means for predicting the electrical poweroutput within 5 days in advance of an actual production date.
 161. Thesystem of claim 149, wherein said means for predicting electrical poweroutput from the renewable power production facility includes means forpredicting a prognosticated electrical power output more than 5 days inadvance of an actual production date.
 162. A method for prognosticatingan electric power output from a renewable power production facilitycomprising steps of: receiving at least one of meteorological andoceanographic data from a forecasting and data analysis system;receiving other data from at least one sensor positioned locally to therenewable power production facility; and predicting an electrical poweroutput from the renewable power production facility from the at leastone of meteorological and oceanographic data and the other data. 163.The method of claim 162, wherein said at least one of the meteorologicaland oceanographic data being from at least one of a regional, a nationaland an international forecasting and data analysis system.
 164. Themethod of claim 162, wherein said at least one sensor is positionedwithin one mile of said renewable power production facility.
 165. Themethod of claim 162, wherein said at least one sensor is positioned atsaid renewable power production facility.
 166. The method of claim 162,wherein said step of predicting includes refining and calibrating theelectric power output prediction using at least one of Multivariate dataanalysis, a neural network and a Fuzzy Control-based mechanism.
 167. Themethod of claim 162, wherein said at least one sensor being configuredto provide at least one of meteorological and oceanographic data from avicinity local to said renewable power production facility.
 168. Themethod of claim 162, further comprising a step of: forwarding aprognosticated electrical power output to a renewable energy exchange.169. The method of claim 162, further comprising a step of: forwarding aprognosticated electrical power output to an operator of a renewableenergy production facility.
 170. The method of claim 162, furthercomprising a step of: forwarding a prognosticated electrical poweroutput to an operator of another power production facility.
 171. Themethod of claim 162, wherein said step of predicting electrical poweroutput from the renewable power production facility includes predictingthe electrical power output within 5 days in advance of an actualproduction date.
 172. The method of claim 162, wherein said step ofpredicting electrical power output from the renewable power productionfacility includes predicting a prognosticated electrical power outputmore than 5 days in advance of an actual production date.
 173. Acomputer program product for prognosticating an electric power outputfrom a renewable power production facility, comprising computer readableinstructions that when executed on a processor perform steps of:receiving at least one of meteorological and oceanographic data from aforecasting and data analysis system; receiving other data from at leastone sensor positioned locally to the renewable power productionfacility; and predicting an electrical power output from the renewablepower production facility from the at least one of meteorological andoceanographic data and the other data.
 174. The computer program productof claim 173, wherein said at least one of the meteorological andoceanographic data being from at least one of a regional, a national andan international forecasting and data analysis system.
 175. The computerprogram product of claim 173, wherein said at least one sensor ispositioned within one mile of said renewable power production facility.176. The computer program product of claim 173, wherein said at leastone sensor is positioned at said renewable power production facility.177. The computer program product of claim 173, wherein said step ofpredicting includes refining and calibrating the electric power outputprediction using at least one of Multivariate data analysis, a neuralnetwork and a Fuzzy Control-based mechanism.
 178. The computer programproduct of claim 173, wherein said at least one sensor being configuredto provide at least one of meteorological and oceanographic data from avicinity local to said renewable power production facility.
 179. Thecomputer program product of claim 173, further comprising a step of:forwarding a prognosticated electrical power output to a renewableenergy exchange.
 180. The computer program product of claim 173, furthercomprising a step of: forwarding a prognosticated electrical poweroutput to an operator of a renewable energy production facility. 181.The computer program product of claim 173, further comprising a step of:forwarding a prognosticated electrical power output to an operator ofanother power production facility.
 182. The computer program product ofclaim 173, wherein said step of predicting electrical power output fromthe renewable power production facility includes predicting theelectrical power output within 5 days in advance of an actual productiondate.
 183. The computer program product of claim 173, wherein said stepof predicting electrical power output from the renewable powerproduction facility includes predicting a prognosticated electricalpower output more than 5 days in advance of an actual production date.184. A computer-based method for managing an investment portfolio ofrenewable power production facilities, comprising steps of: receivingcontributions in various amounts from respective investors; assigningshares to said investors based on respective contributions made by therespective investors; financing a purchase of a predetermined number ofrenewable power production facilities with said contributions; receivinga plurality of payments for delivery of premier power units from saidpredetermined number of renewable power production facilities; andapportioning said plurality of payments among said shares, wherein saidcontribution having a monetary value.